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  • Samyang Group 2021.01.13
    Samyang Group Made New Year’s Resolution in Digital Kick-off Ceremony
    Samyang Group Made New Year’s Resolution in Digital Kick-off Ceremony

    - Need to improve fundamentals in the first year where a new mid- and long-term strategy for 2025 begins - Present ‘Implement of Vision 2025, accelerate digital transformation, and stabilize the new HR system’ as a business guide for this year - “This year’s activities are the beginning of the next 100 years, and it is important to take on challenges by finding wisdom in our 97-year history to overcome a crisis”   ▲  An employee in the Samyang Group is watching a digital kick-off ceremony.   The Samyang Group (Chairman Kim Yoon of Samyang Holdings) reaffirmed its commitment to overcoming the crisis and moving toward new 100 years in a digital kick-off ceremony for the new year.   The Samyang Group announced on January 5 that it had Samyang Group Kick-off Ceremony on January 4. While the Samyang Group has had an offline kick-off ceremony until the last year, it had a digital one this year, where videos including new year’s messages were shared, to prevent the spread of COVID-19 and promote digital transformation.   In a video message, Chairman Kim Yoon said, “This year marks the first year where a new mid- and long-term strategy for 2025 begins.” He presented ‘implement Vision 2025, accelerate digital transformation, and stabilize the new HR system’ as a business guide for this year to enhance business portfolio, enhance competencies, and improve fundamentals.   To begin with, Chairman Kim put forward a direction towards the mid- and long-term strategy, “The fundamental solution to overcome declining profitability in the existing business areas is to target the global market with specialty (highly functional) products. There is also a need to move our key business areas into health & wellness, digital, and eco-friendly areas.”   Chairman Kim emphasized the importance of digital transformation, “The paradigm has already shifted to digital and online, and digital transformation is a task directly related to the survival of a company. We need to successfully proceed with the ERP project, which we began last year, and introduce digital technology across the way we conduct business to accelerate digital transformation.”   In regards to the new HR system, he asked the employees to produce outcomes voluntarily and build their competencies through this system. “Employees must have a high level of competencies and expertise to detect and respond to any change on the frontline of business. We will introduce a new HR system to connect individuals’ growth with the company’s and change the way we work,” he said.   Finally, Chairman Kim wrapped up his message, “This year’s activities are the beginning of the next 100 years, and I hope all employees take on challenges by finding wisdom in our 97-year history to overcome a crisis.”

  • Samyang Group 2020.11.13
    Samyang Group Hosted Samyang Innovation R&D Fair 2020
    Samyang Group Hosted Samyang Innovation R&D Fair 2020

    - Event sharing R&D outcomes… held every year to motivate R&D and share knowledge in the group - Simplified the event due to COVID-19… selected outperforming projects, had presentations, and awarded three projects like previous years - “COVID-19 presents two challenges: overcoming crisis and achieving future growth… we need to overcome them with R&D”     The Samyang Group (Chairman Kim Yoon) is finding a key to overcome crisis and achieve future growth from “specialty” technology. Specialty technology can produce higher value products with better functionality than ordinary products.   The Samyang Group announced on November 11 that the company hosted the Samyang Innovation R&D Fair (SIRF) 2020 on the same day at Samyang Discovery Center, Pangyo.   SIRF is an event that displays and shares R&D outcomes which researchers in the Samyang Group have archived in the year. Samyang Group has hosted this annual event since 2012 to motivate R&D and share knowledge.   This year’s SIRF was simplified as it minimized the number of attendees to comply with COVID-19 guidelines, and only 12 major and strategic projects from each research center were displayed. Researchers participated in the event online, communicating and sharing knowledge through comments.   While the event was simplified, selecting outperforming projects and giving presentations proceeded like previous years. At SIRF 2020, the Samyang Group awarded 3 best R&D projects and shared their research outcomes. The Top Excellence Award went to the Smartphone Material Development Project by Chemical Research Center, while the Excellence Awards went to the More Flavorful Butter Processed Fat Development Project by Food Bioresearch Center and the Mid- and Large Touch Panel Overcoat Development Project by Convergent Material Research Center.   Chairman Kim Yoon said in the intra-net, “COVID-19 is deepening uncertainty, accelerating changes, and presenting two challenges: overcoming crisis and achieving future growth.” He asked researchers to do three things: advancing specialty technology, expanding open innovation and convergence, and seeking R&D digital transformation.   Meanwhile, specialty technology that has added differentiated competitiveness to existing businesses won awards at this year’s SIRF. Based on the specialty technology, the Samyang Group is maximizing performance in its existing businesses while, at the same time, entering new businesses.

  • Samyang Group 2020.10.15
    Samyang Group Held a Memorial Ceremony Marking the 10th Anniversary of the Passing of the Late Honorary Chairman Namryeong Kim Sang-hong
    Samyang Group Held a Memorial Ceremony Marking the 10th Anniversary of the Passing of the Late Honorary Chairman Namryeong Kim Sang-hong

    - Held with family members on October 8 at his tomb, Yeoju which was pushed back from May due to COVID-19 - The late Honorary Chairman entered the company in 1947 and expanded business with sugar and chemical fiber into industrials, food, and chemicals - Advanced into biopharmaceuticals, and prepared the future growth of the Samyang Group by establishing Samyang Central Research Center  ▲ Kim Yoon, Chairman of Samyang Group is addressing about his father at the 10th Anniversary of the Passing of the Late Honorary Chairman Namryeong Kim Sang-hong   Samyang Group (Chairman Kim Yoon) held a memorial ceremony marking the 10th anniversary of the passing of the late Honorary Chairman Kim Sang-hong at his tomb, Yeoju, on October 8. His passing was in May, but the ceremony was pushed back due to the increased spread of COVID-19. The ceremony was held without crowds but mainly with family members in compliance with social distancing level 2.   The memorial ceremony started with a moment of silence, followed by his summarized life, a commemorative video, commemorative remarks, flower laying and incense lighting by participants, and final comments from family members.    In addition to the memorial ceremony, Samyang Group is holding a commemorative photography exhibition under the theme of Namryeong, Tree With Deep Roots until October 14 at the Headquarters in Jongno and Samyang Discovery Center located in Pangyo, Seongnam. The exhibition will move on to Samyang Central Research Center located in Daejeon from October 15 and then Ulsan Plant 1 of Samyang Corporation until October 23.   Samyang Group Chairman Kim Yoon said, “Marking the 10th anniversary of his passing, I look back on my father’s life and feel pride and responsibility. A true way of honoring him is to continue to pass down his will.”   The late Honorary Chairman Kim Sang-hong was the third son of the Samyang Group’s founder Sudang Kim Yeon-sul. He entered the company in 1947 and led the company until May 2010 when he passed away at the age of 87. Honorary Chairman Kim was respected by the business community and society as he followed the previous generation’s teachings of moderation, stayed away from greed and extremes, and always kept his character and attitude humble and straight.   Honorary Chairman Kim contributed to solving hunger problems and economic development in the 1950s and 1960s by doing business in sugar and polyester fiber. He expanded his business into food and chemical materials including starch sugar, chemical fiber material TPA, and engineering plastic polycarbonate, and made Samyang what it is today. During his chairmanship, he advanced into the biopharmaceutical business and expanded the previous Samyang Comprehensive Research Center in a 19,000-pyeong area (about 62,820 m2) as wide as 9 soccer fields and established Samyang Central Research Center to prepare the future growth engine.   Honorary Chairman Kim also contributed to the business community by serving the chairman of the Korea Sugar Association, the vice chairman of the Korea Enterprises Federation, and the vice chairman of the Federation of Korean Industries. After he stepped down, he served as the chairman of the Yangyoung Foundation, Sudang Foundation, and Haseo Academic Foundation and committed to nurturing talented people and advancing academic achievements. The Korean government and society honored his contributions with the Gold Tower Order of Industrial Service Merit, the Korean CEO Award, and the New Ilhan Award.   Honorary Chairman Kim was survived by 2 sons and 2 daughters including the first son Chairman Kim Yoon at the Samyang Group and the second son Vice Chairman Kim Ryang at Samyang Corporation. The Samyang Group, which celebrated its 96th anniversary on October 1, is preparing a new 100 years by continuing the previous management’s business philosophy, setting the vision ‘Ingredients that add value to life,’ and focusing on food and chemical specialty materials, packaging, and biopharmaceuticals.  

  • Samyang Group 2020.09.18
    Samyang Group Sudang Foundation Held the 29th Sudang Awards
    Samyang Group Sudang Foundation Held the 29th Sudang Awards

    - △ Professor Kim Dong-ho at Yonsei University for Basic Sciences, △ Professor Choi Hae-cheon at Seoul National University for Applied Sciences, and △ Endowed Chair Professor Lee Han-goo at Kyung Hee University for Humanities… Each awarded KRW 100 million and a plaque - Started out as the Sudang Science Awards in 1973 and continued the founder’s belief in nurturing talented individuals… Expanded into three categories since 2008 - 2 winners each in 3 categories to be selected for KRW 200 million in prize money and a plaque starting next year   ▲ The Sudang Foundation held the 29th Sudang Awards on September 9 in The Westin Chosun Seoul. From left to right: Chairman Kim Yoon at Samyang Holdings, Professor Kim Dong-ho at Yonsei University Department of Chemical and Biomolecular Engineering, Professor Choi Hae-cheon at Seoul National University Department of Mechanical Engineering, and Endowed Chair Professor Lee Han-goo at Kyung Hee University Global Academy for Future Civilizations, and Chair Jin Jeong-il of the Sudang Awards Steering Committees   Sudang Foundation (Chairman: Kim Sang-ha of Samyang Group) held the 29th Sudang Awards on September 9 in The Westin Chosun Seoul.   This year’s Sudang Awards went to Professor Kim Dong-ho (63)—at Yonsei University Chemical and Biomolecular Engineering—for Basic Sciences, Professor Choi Hae-cheon (58)—at Seoul National University Mechanical Engineering—for Applied Sciences, and Endowed Chair Professor Lee Han-goo (75)—at Kyung Hee University Global Academy for Future Civilizations—for Humanities. Each received KRW 100 million and a plaque in the ceremony.   Sudang Awards were created to continue the belief of the Samyang Group’s founder Sudang Kim Yeon-su in nurturing talented individuals. The Awards started out as the Sudang Science Awards in 1973 and had been hosted by the Kyungbang HR Fostering Association up to the 14th event. Since then, Sudang Foundation expanded the Awards into natural sciences and humanities in 2006 and held the renamed 15th Sudang Awards. From 2008, they have expanded into three categories: Basic Sciences, Applied Sciences, and Humanities. Samyang Group has been sponsoring the Sudang Awards since its establishment.   The awarding ceremony started with Samyang Holdings Chairman Kim Yoon reading greetings on behalf of Sudang Foundation Chairman Kim Sang-ha. It was followed by a progress report by Director Jin Jeong-il of the Sudang Awards Steering Committee, an introductory video, award acceptance speeches, and photo opportunities. To prevent the spread of COVID-19, only the minimum number of people attended the ceremony, including the winners in award categories.   Meanwhile, the way in which the Sudang Awards are awarded will change starting from next year. Up until now, 1 winner each has been selected and received KRW 100 million and a plaque in the three categories espectively: Basic Sciences, Applied Sciences, and Humanities. However, starting from next year, 2 winners will be selected from the 3 categories and will receive KRW 200 million and a plaque. Koreans who has achieved great research outcomes are eligible for the Sudang Awards. More information about candidate recommendations can be found in the Sudang Foundation’s website.   Based on its corporate philosophy for social responsibility ‘Provide an opportunity to make dreams come true,’ Samyang Group is providing scholarship programs and support academics in basic sciences and humanities through the Yang Young Foundation and the Sudang Foundation. The two Foundations have funded scholarships and grants for over 23,000 students, 760 professors, and other research groups. In particular, the Yang Young Association, a predecessor to the Yang Young Foundation is recognized for being Korea’s first corporate social responsibility activity.  

  • Samyang Group 2020.08.28
    Samyang Group Donated Funds and Supplies Worth KRW 250 Million to Help Those Affected by Floods
    Samyang Group Donated Funds and Supplies Worth KRW 250 Million to Help Those Affected by Floods

    - Samyang Holdings, Samyang Corporation, Samyang Packaging, and Samyang Biopharmaceuticals Corporation donated KRW 200 million and arthritis transdermal patch Rheumastop® worth KRW 50 million  - “We hope people in affected areas overcome this difficulty and return to normal as quickly as possible”     Samyang Group (Chairman Kim Yoon) announced on August 24 that it donated money and supplies worth KRW 250 million to Korean Red Cross to help those affected by floods.  The donations were prepared together by the Samyang Group’s holding company Samyang Holdings, its food and chemical affiliate Samyang Corporation, and its packaging affiliate Samyang Packaging, and its biomedical affiliate Samyang Biopharmaceuticals Corporation donated the arthritis transdermal patch Rheumastop® worth KRW 50 million.  Donated money and supplies will be provided to restore most affected by flash floods such as Chungbuk and Jeonbuk and cover relief supplies and living costs for those affected.  An official from the Samyang Group said, “We would like to give a helping hand to those affected by floods during this unprecedentedly long rainy season. We hope people in affected areas overcome this difficulty and return to normal as quickly as possible.”  Meanwhile, the Samyang Group is taking the lead in donating money and supplies to fulfill its corporate social responsibility amid a national disaster. Back in March, Samyang Corporation, Samyang Packaging, and Samyang Biopharmaceuticals Corporation donated money and supplies worth KRW 150 million to Korean Red Cross to prevent the spread of COVID-19. Before joining a group-wide donation initiative, Samyang Biopharmaceuticals Corporation, a biomedical affiliate, donated 50 non-contact thermometers to Keimyung University Daegu Dongsan Hospital, a regional hospital designated for COVID-19. After a wildfire in Gangwon-do last year, the group donated money and medical supplies worth KRW 100 million for affected residents, and also donates regularly to Beautiful Store and the Community Chest of Korea. 

  • Samyang Group 2020.07.16
    Samyang Group Chairman Yoon Kim Joined ‘Thanks to You Challenge’
    Samyang Group Chairman Yoon Kim Joined ‘Thanks to You Challenge’

    - Chairman Kim and employees of the Samyang Group joined the ‘Thanks to You Challenge’ campaign through its official social media channels - Campaign designated by GS Caltex President Huh Se-hong… Chairman Kim nominated Korea University President Chung Jin-taek as the next participant - Extended respect and gratitude to medical professionals and citizens in Korea… in the hope that everyone is back to healthy and normal lives as soon as possible   ▲Samyang Group joined ‘Thanks to You Challenge’ and extended respect and gratitude to medical professionals and citizens in Korea.     Samyang Group (Chairman Yoon Kim) announced on July 16 that they joined the ‘Thanks to You Challenge’, which encourage all the people overcoming COVID-19.   Thanks to You Challenge is a public campaign started by Central Disaster and Safety Countermeasures Headquarters to overcome COVID-19. It is a relay event where a participant posts his or her picture of gesturing the word ‘respect’ in sign language along with a hashtag on social media and nominates the next participant. While it was first intended for medical professionals, the campaign expanded from July 6 to encourage all people working hard to fight for COVID-19.   Chairman Yoon Kim joined the campaign as designated by GS Caltex President Huh Se-hong. Chairman Kim nominated Korea University President Chung Jin-taek as the next participant.   Chairman Kim said, “I would like to extend my respect and gratitude to all the medical professionals working day and night behind the scenes in this difficult times. I believe that all Korean people would overcome this hardship united as one. I hope everyone is back to healthy and normal lives as soon as possible.”   Meanwhile, Samyang Group is carrying out various activities to stop the spread of COVID-19 and contribute to disaster relief. Back in March, Samyang Corporation, Samyang Packaging, and Samyang Biopharmaceuticals Corporation donated funds and goods worth KRW 150 million to Korean Red Cross. Before joining a group-wide donation initiative, Samyang Biopharmaceuticals Corporation, a biomedical affiliate, donated 50 non-contact thermometers, which are in high demand throughout healthcare facilities, to Keimyung University Dongsan Hospital, a regional hospital in Daegu designated for COVID-19. Other affiliates also gathered efforts to overcome the crisis in the local community: Jincheon Factory of Samyang Packaging donated food products to Daedeok-gu Volunteering Center, while the Yeosu Factory of Samnam Petrochemical donated KRW 10 million to Munsu Social Welfare Center in Yeosu.

  • Samyang Group 2020.07.07
    Samyang Group Prepares for Post-COVID-19 by Advancing its “Business Structure” and “Digital Competencies”
    Samyang Group Prepares for Post-COVID-19 by Advancing its “Business Structure” and “Digital Competencies”

    - Kim Yoon communicated in an online assembly to examine COVID-19 crisis and changes and share future strategies - Suggests “improving fundamentals” in the face of great uncertainty… making it necessary to respond to any change quickly - Highlights the importance of advancing business structures and digital competencies, “Samyang’s survival depends on digital transformation”       The Samyang Group is stepping up to improve its fundamentals to respond to the new normal. The keywords are advancing “business structure” and “digital competencies.”   On July 6, the Samyang Group (Chairman Kim Yoon) announced that it held the “2020 Samyang Group Assembly” in the Samyang Discovery Center, Pangyo, Seongnam under the topic of “The New Normal and Business Transformation.” After compiling its performance for the first half of the year, the Samyang Group holds an assembly every year at which Chairman Kim explains its performance in the first half of the year and strategies for the second half and communicates with employees.   This year’s assembly was hosted online in response to COVID-19. The topic was chosen to examine the crisis and changes caused by COVID-19 and focus on sharing future strategies. This assembly is live-streamed across all of the group’s sites in Korea and abroad, and about 60 employees asked questions and talked with Chairman Kim through the teleconferencing system. In this assembly, Chairman Kim asked employees to follow “rules to prevent COVID-19” and examined changes brought on by COVID-19. Then, he suggested “improving fundamentals” to prepare for the post-COVID-19 era. Chairman Kim highlighted a transition from being prediction-oriented to response-oriented, saying, “As uncertainty deepens, responding quickly to an unexpected crisis is more important than accurately predicting the future.”   To do so, he stressed “growth by advancing the business structure” as a strategy to prepare for uncertainties in the post-COVID-19  era. He believes that it is urgently necessary to “promote a specialty (highly functional) product-centered business targeting the global market” while “pursuing stable growth and better competitiveness in existing businesses.” He requested that employees discover convergent technologies to develop specialty products, stressing, “At a time of uncertainty, it has become more important to advance our business structure.”   Then, he focused on strengthening digital competences, saying, “Samyang’s survival in the future depends on the digital transformation project we are currently working on.” Chairman Kim has driven digital transformation since last year. Currently, the Samyang Group is implementing the digital transformation project, which includes rebuilding ERP and expanding robot process automation (RPA), to do work based on data and maximize productivity through digital technology. In this assembly, Chairman Kim repeatedly asked employees to find online sales or new business opportunities while successfully pursuing existing projects.   Finally, he asked them to not let their guard down until the crisis is completely over. “We work safely thanks to all of our employees’ efforts despite this challenging crisis.”    

  • Samyang Group 2020.07.07
    Samyang Group Changes its Work Environment to Accelerate Digital Transformation
    Samyang Group Changes its Work Environment to Accelerate Digital Transformation

    - Introduced a cloud service to establish a work environment without limits of time and space and to foster collaboration  - Expected to provide communication and collaboration in real time and improve productivity and efficiency by establishing an untact work environment  - Drives digital transformation across the entire group to respond to future changes by using digital technology     ▲  On June 30, Samyang Holdings (CEO: President Yun Jae Yeob) announced that the company will pilot Office 365 to innovate the ways in which its employees work in response to the changing world.   Office 365 is a business cloud service launched by Microsoft. The cloud service allows employees to read and edit various documents anytime, anywhere as long as they are connected to the Internet through any device such as a tablet, smartphone, or PC.  The Samyang Group actively uses various features and environments provided from this change in its work environment, such as collaborative editing and teleconferencing, and examines whether to expand it across the group.  Organizations that are piloting this change are Samyang Corporation Cosmetic PU and Samyang Biopharm USA. Due to the nature of their business, both Samyang Corporation Cosmetic PU and Samyang Biopharm USA require collaboration and lateral communication. Cosmetic PU offers a variety of products under Samyang Corporation’s material science cosmetic brand ABOUT ME. Its communication and collaboration both inside and outside the organization is quite active to develop differentiated products and marketing campaigns that lead the trend. Samyang Biopharm USA is a subsidiary established by Samyang Biopharm in August 2018 in Kendall Square, Boston, US, a hub in the global biotech industry, to develop innovative anti-cancer and orphan drugs. Kendall Square is key to Boston's Biotech Valley and best positioned for global, open innovation as it has an ecosystem between industry, research, and academy with Novartis, Pfizer, and Biogen around the Massachusetts Institute of Technology (MIT).  An official from Samyang Holdings said, "We would like to change our work environment to communicate in real time anywhere, anytime and increase productivity and efficiency through collaboration. It is expected to efficiently respond to increasing needs for an untact work environment due to COVID-19.”  The Samyang Group drives digital transformation across the group. Last month, it launched an enterprise process innovation project to rebuild a business management system that accumulates data related to business activities, such as purchases, production, and sales, under one system and supports decision-making based on real-time information. In addition, the group is seeking to expand robot process automation (RPA), nurture data analytics experts, and prepare for the future by using innovative digital technologies such as artificial intelligence (AI) and big data in R&D, production, and marketing. 

  • Samyang Group 2020.06.17
    Samyang Group Launches In-House RPA Portal “R-addin,” Accelerating Digital Innovation
    Samyang Group Launches In-House RPA Portal “R-addin,” Accelerating Digital Innovation

    - Launching of RPA portal “R-addin” within the company allows anyone to easily and efficiently propose a RPA project - “R-addin” adopted as the name for RPA through naming competition held within the company… capturing the characteristic that it completes simple and repetitive work quickly - Expanding RPA across all of the group’s affiliates… increasing the scope of work applicable to RPA such as chatbots and text recognition solutions   ▲Employees of the Samyang Group use the RPA portal to discuss a new RPA project.   Samyang Group is accelerating digital innovation through the spread of RPA.   Samyang Group (Chairman Kim Yoon) announced on June 8 that the group opened a company exclusive Robotic Process Automation (RPA) portal “R-addin.” RPA is a software technology that automates simple and repetitive work.   The RPA portal is a website created to accelerate the spread of RPA within the Samyang Group and allows anyone to propose a RPA project related to their work without going through a complex procedure. Furthermore, by checking how much time is reduced in each division with the introduction of RPA and the history of company RPA examples, new proposals can be made efficiently.   Samyang Holdings introduced RPA last year, and through a company exclusive competition, adopted the name “R-addin” for RPA and the RPA portal. R-addin, was given its appropriate name because it has the ability to complete simple and repetitive work, much like Genie from Aladdin, so it truly captured the characteristic of RPA.   The Samyang Group preemptively introduced RPA within its food and chemicals related affiliates and were able to reduce more than 90% of work load which is calculated to be about 10,000 hours annually. Recently, in response to the COVID-19 pandemic, Samyang Holdings Emergency Business Control Center has also implemented RPA. RPA when applied to the Emergency Business Control Center compiles data such as economic indicators in Korea and abroad, the trends of raw materials, and major product sales in real time and supports management’s swift decision-making and preemptive response abilities. Currently, the Samyang Group is expanding RPA across Samyang Holdings, Samyang Packaging, Samyang Biopharmaceuticals, and other corporations. Specifically, the group will combine new digital technologies such as chatbot and AI-based text recognition solutions and expand the scope of work applicable to RPA starting from June. Chatbot is a technology that allows you to check necessary information via simple text chatting with a robot. Once RPA and chatbot are linked, necessary data may be requested and received through chatting as well. Furthermore, if an AI-based text recognition solution is used, the automation of work using image-based documents such as pictures and PDFs is also possible.   An official from Samyang Holdings stated, “Our goal is to reduce more than 40,000 hours of work with the introduction of RPA. We will establish the foundation for a smart business management environment through digital innovation.”

  • Samyang Group 2020.05.27
    Samyang Group Preparing for Post-COVID-19 with Webinar
    Samyang Group Preparing for Post-COVID-19 with Webinar

    - Invited Sim Hyun-bo from Kearney to study the particular nature of the COVID-19 crisis and global outlook - Introducing and planning to sustainably hold webinars to prevent the spread of COVID-19 and accelerate digital transformation - Introducing digital technology to change the way we work. “Turn crisis into opportunity by thoroughly readying ourselves”   ▲ On May 22, Samyang Group hosted a webinar for its employees to prepare for a post-COVID-19 world.     Employees at Samyang Group gathered online to prepare for the ‘post-COVID-19’ world.     Samyang Holdings (CEO: President Yun Jae-yeob) announced on May 25 that the company hosted a webinar for its employees under the topic ‘Before Corona (BC) and After Corona (AC) - An Outlook on the post-COVID-19 World’ on May 22. Webinar is a portmanteau of web and seminar, which refers to a seminar provided online by establishing a communicable environment.     This special talk was delivered by Sim Hyun-bo from Kearney, a global consulting firm, to study the particular nature of the COVID-19 crisis and ensuring global changes and provide economic outlook scenarios and implications for each industry. At the end of the talk, he chatted with employees at Samyang Group to explore COVID-19’s impact on the group’s businesses such as chemistry, food, packaging, and biopharmaceutical.     In particular, in a Q&A session, many questions were asked about not only related industries but also policies and macroeconomics such as ‘the latest noteworthy examples in distribution and retail,’ ‘industrial areas where M&A activity is expected in the post-COVID-19 world,’ and ‘how to overcome supply chain blocks formed as a result of reshoring by each country and achieve global growth.’   An official from Samyang Holdings said, “Even before COVID-19, Samyang Group introduced digital technology to change the way we work. We will turn crisis into opportunity by thoroughly readying ourselves for the post-COVID-19 world.”     Samyang Group introduced webinars to prevent the spread of COVID-19 and accelerate the group’s digital transformation, and is planning to conduct them regularly under various topics. Previously, special talks were hosted every month in either its headquarters, Jongno or Samyang Discovery Center in Pangyo to provide insights about macroeconomic business environment changes, change and innovation, and leadership.     Meanwhile, Samyang Group is preparing for the post-COVID-19 world by actively utilizing digital technology. Recently, the group launched a process innovation project with the aim of establishing ‘Global One ERP.’ Robot process automation (RPA), which was introduced in some of our affiliates last year, was expanded throughout the group with the goal of reducing 40,000 hours annually.

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