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  • Samyang Group 2019.07.10
    Launching Ceremony of the 3rd Samyang Seeds, a College Student Supporter Group, Held by the Samyang Group
    Launching Ceremony of the 3rd Samyang Seeds, a College Student Supporter Group, Held by the Samyang Group

        The Samyang Group announced on the 10th that it held the launching ceremony of the 3rd Samyang Seeds, a college student supporter group, at Samyang Discovery Center located in Pangyo.  Samyang Seeds was named after the English word “seed.” It means that we hope college students with limitless potential would grow big just like small seeds sprout and grow into big trees. Samyang Seeds started recruiting since May and finally selected 40 students from across Korea after application form review and interview. With the 1st Samyang Seeds, which started in July 2017, this year sees the launch of the 3rd Samyang Seeds, establishing the program as one of Samyang Group’s most distinctive student participation programs. The first part of this launching ceremony began with welcoming remarks from the head of Human Resources & Communication (HRC) of Samyang Holdings, followed by the awarding of appointment certificates and introduction of Samyang Seeds’ activities. The second part continued with a lecture on how to create social media content, which was intended to provide practical help to supporter activities, as well as a team-building recreation session. For the next six months until the end of this year, Samyang Seeds will obtain growth opportunities with its visits to Samyang Group’s workplaces, being mentored by employees, and participating in cooking classes and supporter-to-supporter exchange gatherings. The Samyang Group offers KRW 100,000 every month to every Samyang Seeds member and KRW 500,000 additionally when they complete the entire course. Scholarships of KRW 2.5 million and KRW 500,000 will be provided to the best-performing team and supporter, respectively. An opportunity to visit Samyang Group’s workplaces in other countries will also be given to five outstanding performers.  An official from the Samyang Group explained the operational plan for the supporters by saying “I extend my gratitude to those of you who came to join Samyang Seeds among other numerous college student supporter programs. We will provide our full support to those college students selected as Samyang Seeds so that their Samyang Seeds activities could serve as the foundation for designing their future.”   

  • Samyang Group 2019.07.09
    The Samyang Group to Launch its Bioplastics Raw Materials Business in Earnest
    The Samyang Group to Launch its Bioplastics Raw Materials Business in Earnest

      The Samyang Group is set to fully launch its white biotechnology (industrial biotechnology) business. White biotechnology is an industrial field that manufactures eco-friendly chemicals and biofuels from plant resources.  The Samyang Group announced on the 9th that it has signed an investment agreement with Gunsan-si of Jeollabuk-do to expand its plant for isosorbide, a raw material for bioplastics.  With this agreement, Samyang Innochem, Samyang Group’s affiliate in chemical business, is to invest KRW 71 billion and would start building a plant, which is estimated to produce 10,000 tons of isosorbide annually, by the end of 2021 in the 29,000㎡ area in the Gunsan Free Trade Zone.  Isosorbide is a bio-based material made by chemically processing starch extracted from plant resources and can replace traditional chemicals for various purposes such as plastics, paints, and adhesives. In particular, plastics made from isosorbide have better durability, thermal resistance, and transmittance, which led to isosorbide garnering attention as an exterior material for electronic products including mobile devices and TVs, screen film of smartphones, interior material for automobiles, food container, and eco-friendly building material.  The Samyang Group successfully commercialized isosorbide in 2014 for the first time in Korea and for the second time in the world and has focused on researching and developing the products that utilize isosorbide such as urethane and adhesives, while operating pilot production facilities in Samyang Corporation’s plant in Ulsan.  An official from the Samyang Group said, “Isosorbide is Samyang Group’s successful case of food and chemical tech convergence. As eco-friendly trends are gaining momentum, we are going to develop various applied products, expand isosorbide’s scope of application, and lead the market.”    

  • Samyang Group 2019.05.17
    Sudang Foundation Holds the 28th Sudang Awards Ceremony
    Sudang Foundation Holds the 28th Sudang Awards Ceremony

      The Sudang Foundation, chaired by director Kim Sang-ha, held the 28th Sudang Awards ceremony at the Lotte Hotel in Sogong-dong, Seoul on September 9. In this year's edition, a prize of KRW 100 million was presented to each of the award-winners, who included △ Lee Hyung-mok (63), professor of Physics and Astronomy at Seoul National University, who was honored in the category of Basic Sciences; △ Kwon Ik-chan (60), senior researcher at the Korea Institute of Science and Technology (KIST), recognized in the category of Applied Sciences; and △ Lee Tae-Jin (76), professor emeritus of the Department of Korean History at Seoul National University, who was decorated in the category of Humanities and Social Sciences. The ceremony started with the greetings from Kim Sang-Ha, chairman of the Sudang Foundation, followed by a progress report presented by Jin Jeong-il, chairman of the Sudang Awards Committee. After this, Jang Jeong-sik, member of the Evaluation Committee, walked the attendees through the evaluation process and then gave way to the screening of a video introducing the awardees, who shortly after received their awards and were given a chance to address the audience. Following the acceptance speeches, the event concluded with the congratulatory words of Yoo Chong-ha, former director of the Korean Red Cross.

  • Samyang Packaging 2019.05.02
    Samyang Packaging starts operating aseptic line number four
    Samyang Packaging starts operating aseptic line number four

          Samyang Packaging is opening a new era for the diversification of the aseptic filling process for beverages. Samyang Packaging announced on the 15th that they have completed construction on their fourth aseptic filling line and have started production for commerce. Aseptic filling is a technology where beverages are injected plastic bottles in a manner that is ensures sterilization. This process is carried out at room temperature, so even beverages that have a temperature-sensitive flavor can maintain their original taste, such as tea, grain-based beverages, and coffee. Thanks to the benefits of this aseptic manufacturing process milk for infants and children are one of the main products lines here. Not needing to use heat containment bottles (bottles that can withstand high temperature) is also an advantage because it allows for more diverse bottle design. This recently-built fourth line, in particular, is capable of bottling carbonated and aloe beverages using the aseptic method which previous equipment was not capable of doing. This will allow products to meet a greater variety of consumer needs. Thanks to the completion of the fourth aseptic line, in which Samyang Packaging has invested approximately KRW 55.2 billion since last year, the company now has the capability of increasing its production by 33% and producing 600 million bottles of aseptic beverages annually. If this equipment is run on full capacity, it is expected to increase sales by KRW 40-50 billion. Samyang Packaging is Korea’s only aseptic OEM (Original Equipment Manufacturer) and ODM (Original Design Manufacturer) drink producer and is leading the Korean market for aseptic drinks. In the initial product stage, there were only five types of beverages available, but now Samyang Packaging has managed to grow aseptic drinks into a market including 380 types which is about 76 times more than when they started. The domestic aseptic drink market has shown an average annual increase of 13% for the past three years and is continuing to grow so sufficient demand for the plant is expected. Samyang Packaging officials stated that “Samyang Packaging will strive to run aseptic line number four safely and by doing so, we will work to stably provide products, such as tea, coffee, juice, and soda, to meet the various needs of our customers and try our best to achieve customer satisfaction.”

  • Samyang Group 2019.04.04
    KCI, using “Tech Center” to accelerate global market penetration
    KCI, using “Tech Center” to accelerate global market penetration

    - Participating in “in-cosmetics Global 2019,” a cosmetics formula exhibition held in Paris, France - Presented product features specified for various client groups, such as beauty care product formulas and all-natural materials for sensitive skin. - Established Tech Center to provide total solutions for client companies by combining marketing and R&D.     A Samyang Group (Chairman : Kim Yoon) subsidiary, KCI, which is exclusively in charge of beauty and personal care, will accelerate global market penetration. On the 29th, KCI (CEO: Jin-Yong Lee) announced that it will participate in “in-Cosmetics Global 2019” exhibition, which will take place in Paris, France from April 2nd to the 4th. In-Cosmetics Global is the world’s biggest exhibition related to cosmetic formulas, held annually in Europe. In last year’s exhibition, 773 companies from 43 countries attended. At this exhibition, KCI will be presenting various formulas to meet the needs of the market, in addition to the formulas of personal care products such as moisturizers, thickeners, and film formers. KCI emphasizes formula characteristics such as sensitive-skin-friendly, intense moisturization, and all-natural. Additionally, KCI will use these formulas to present various products to increase the existing customers’ brand loyalty and secure potential new customers. In particular, KCI will be emphasizing the Tech Center’s strategy of a “customer centered solution” at this exhibition. KCI's Tech Center, which was established last year, is an organization that combines marketing and R&D. The organization aims to provide client companies with a total solution for new product ideas, quality & function improvement, and final product development, to accelerate production and produce mutual profits for both sides. KCI CEO Jin-Yong Lee stated that "KCI's global sales are more than five times that of domestic sales," explaining that, “in order to solidify our position in the global market, we are in the process of strategizing a marketing solution that also considers the development of our customers’ products." KCI was acquired by Samyang Group in December 2017. In accordance with Samyang Group’s growth trajectory, the “expansion of the global market, development of specialty products, and new businesses,” the company is accelerating global market penetration and the development of joint technologies with food, chemical, and pharmaceutical-bio businesses.     

  • Samyang Group 2019.04.04
    Samyang Group Holds “1st Growth Talk Idea Pitching Day”
    Samyang Group Holds “1st Growth Talk Idea Pitching Day”

    - Propose new business ideas through “Growth Talk” programs and form teams to materialize these ideas - Present ideas to executives….Receive advice from internal employees, mentoring, and expanding your network - “To make communication and taking on creative challenges a part of Samyang Group’s company culture through the Growth Talk program”     Samyang Group (Chairman : Kim Yoon) is aiming to catch two birds with one stone by revitalizing corporate culture and discovering new business, through convergence of the group’s internal technologies and by facilitating active communication. Samyang Holdings announced on the 29th that they had organized the “1st Growth Talk Idea Pitching Day” on the 28th in Seongnam Pangyo’s Samyang Discovery Center, to discover and foster new business ideas within the company. Samyang Holdings has been running the Growth Talk program since last year in order to spread the culture of communication and to take up challenges within the group, and to support discoveries of new business ideas. Growth Talk is a program that helps ideas come to life by teaming up employees that propose or share ideas about new businesses. On this Idea Pitching Day, the team that proposed an idea in the last quarter made a presentation to the executives, sought advice and mentorship, and expanded their networks. The ideas proposed in the Growth Talk will be formally examined through processes such as prototype productions and determined if they are fit to be part of a new business. Out of the new business ideas presented, ideas such as combining the potential of a medical biology business with food business and expanding a food business’ premix products to a pet market drew the attention of many participants. The President of Samyang Holdings, Yun Jae Yeob, stated: “I hope to make communication and taking on creative challenges a part of Samyang Group’s corporate culture through the Growth Talk program. Our company will provide all the necessary support for the Growth Talk program to be a success.” On the other hand, Samyang Group is focusing on developing their business through a combination strategy in which they combine open innovation through communication with outside resources with Samyang Group’s internal business potential and produce new technology and products. Currently, Samyang Group is engaged in four business areas: food, chemical, packaging, and pharmaceutical biotechnology. 

  • Samyang Packaging 2019.04.01
    Samyang Packaging Holds the 5th Regular Shareholders’ General Meeting and Board Meeting
    Samyang Packaging Holds the 5th Regular Shareholders’ General Meeting and Board Meeting

    - Sales of KRW 366 billion and pre-tax profit of KRW 27.5 billion in 2018… cash dividends of KRW 500 per common stock - Lee kyoung sub, reelected as COO, sets this year’s sales target of KRW 402 billion     Samyang Packaging held its 5th regular general meeting of shareholders on March 15 at the Samyang Group headquarters. At the meeting, five items were passed in their original forms (as proposed), including the fifth financial statement, the partial amendment of the articles of association, the appointment of a board member, the maximum compensation for the board member, and the maximum compensation for auditors. In the business report, sales of KRW 366.3 billion with a pre-tax profit of KRW 27.5 billion were reported for 2018, and according to the fifth financial statement, cash dividends of KRW 500 per common stock was voted on and approved. Lee kyoung sub, whose term in office had been about to expire, was re-elected and appointed as a board member, and was later appointed as the COO at a subsequent board meeting. COO Lee stated in his welcome speech, “This year, Samyang Packaging complete the construction of the Aseptic Production Facility No. 4, strengthening its market power and expanding its presence in the global market, in order to achieve the sales target of KRW 402 billion. We will focus on expanding our Aseptic business, enhancing the profitability of the container business, and improving our production quality and competitiveness.”  

  • Samyang Group 2019.02.25
    Yangyoung·Sudang Foundation Holds 2019 Scholarship Ceremony
    Yangyoung·Sudang Foundation Holds 2019 Scholarship Ceremony

    - Scholarships amounting to KRW 965 million given to 206 high school, university and graduate school students upon the recommendation of schools - Continuous activity from 1939 with support for tuition and research costs to over 20,000 students and 600 professors   Samyang Group’s Yangyoung Foundation/Sudang Foundation (Chairman of the Board: Kim Sang-ha, Samyang Group Chairman) held the ‘2019 Yangyoung Foundation/Sudang Foundation Scholarship Ceremony’ at the Samyang Group headquarters auditorium on February 20.   On this day, the Yangyoung Foundation awarded scholarships to ninety-three university and graduate students while the Sudang Foundation awarded scholarships to twenty-two university students and ninety-one high school students. A total of KRW 965 million in scholarships was awarded to 206 students. The students who received scholarships were selected by recommendation from each school as model students who maintained excellent grades despite their difficult environments.   Under the socially contributive philosophy “Providing the opportunity to dream,” Samyang Group unceasingly carries out scholarship projects, research cost and academic support through the two scholarship foundations “Yangyoung Foundation” and “Sudang Foundation.” To this day, the two foundations have aided over 20,000 students and 600 professors with scholarships and research costs.   Samyang Group’s Yangyoung Foundation, a pioneer of civil scholarship foundations, was established by the late Sudang, Kim Yeonsu, the founder of Samyang Corporation, in 1939. Sudang Foundation was established by Chairman Kim and his children in 1968 as part of an extension of the scholarship undertakings, and in addition to the scholarship business, the foundation currently administers the Sudang Award, which awards a total of KRW 300 million to professors who have produced achievements in the fields of basic science, applied science, and humanities/social sciences.

  • Samyang Group 2019.02.14
    Samyang Group Awarded the ‘Main Prize’ at German ‘iF Design Award 2019’
    Samyang Group Awarded the ‘Main Prize’ at German ‘iF Design Award 2019’

    - Samyang Group awarded the Main Prize in the Communication category at iF Design Award 2019, one of the world’s top three design awards - Samyang Group expresses vision through three primary colors of light and dots that signify the single quotation mark and double quotation marks   ▲ Samyang Group’s CI and its cases of application were awarded the Main Prize in the Communication category at the ‘iF Design Award 2019.’ ‘Life’s Ingredients,’ the English slogan of Samyang Group that communicates with the world through its material techniques, was reinterpreted in an easy and friendly manner by utilizing the three primary colors of light together with dots that represent quotation marks.  Samyang Group announced on the 13th that it was awarded the Main Prize in the Communication category at the ‘iF Design Award 2019,’ which is one of the world’s top three design awards.   The iF Design Award which first began in 1953 is an award presented by the International Forum Design, a non-profit and independent design institute located in Hannover, Germany. This is one of the top three global design awards along with Germany’s ‘Red Dot Design Award’ and ‘IDEA’ award of the USA, and it is recognized for its public confidence since it is implemented without receiving aid from any particular country or corporation.   Last year, Samyang Group developed application cases including forms, advertisements, stationery, and packaging that utilize the CI (Corporate Identity) and exhibited them at the iF Design Award, where they received outstanding reviews from 67 members of the judging committee comprised of experts from various countries.   In light of the 90th anniversary in 2016 since its establishment, Samyang Group introduced its new logo that strategically placed the single quotation mark and double quotation marks using dots, to the left and right of the company name. By utilizing punctuation marks that symbolize quotations and communication, it contained the meaning of communicating with the world with its material techniques. The three primary colors of red, green, and blue were used to reinterpret Samyang Group’s English slogan, ‘Life’s Ingredients,’ in a simple and friendly way.   Samyang Holdings’ Design Team Manager commented, “The products of Samyang Group with their focus on business-to-business (B2B) are not flashy on the outside but are always a part of our lives. Samyang Group will develop various souvenirs and goods including notebooks and calendars that utilize the CI from now on to further introduce Samyang Group to our consumers.”  

  • Samyang Group 2019.01.31
    Samyang Group Delivers Love to Neighbors with ‘Beautiful Bundle Sharing’
    Samyang Group Delivers Love to Neighbors with ‘Beautiful Bundle Sharing’

    - 70 Samyang Group employees and families participate in the ‘Beautiful Bundle Sharing’ event - Annual participation since 2005, actively giving back to community as delivery angels donating ‘Q.one’ sugar and Bundle Sharing       Samyang Group employees and executives transformed into ‘delivery angels’ before the coming Lunar New Year to deliver love to their neighbors.   Samyang Group announced on Jan. 28 that approximately 70 employees, executives, and their families participated in the ‘Beautiful Bundle Sharing’ event that took place at Gyeonggi Commercial High School in Jongno-gu, Seoul on Jan. 27.   The Beautiful Bundle Sharing event hosted by the non-profit Beautiful Store Foundation is an event where volunteers deliver bundles packed with rice, sugar, shampoo, and other daily necessities to single household senior citizens, grandparent-grandchild households, and other neglected neighbors one week before the Lunar New Year holiday.   Samyang Group has participated in this event annually since 2005 and donates ‘Q.one’ sugar in addition to acting as delivery angels who share the bundles with employees and their families.   A Samyang Group employee who joined this event with his children commented, “I take part in this event every year to teach my children about the meaning of service and sharing.” He added by saying, “the more I take part in this activity, the more I feel fulfilled from participating in this meaningful activity.”  

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