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  • 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.

  • Samyang Group 2020.05.25
    Samyang Group Rebuilding ERP to Accelerate Digital Transformation
    Samyang Group Rebuilding ERP to Accelerate Digital Transformation

    - Held a kickoff event for ‘Samyang Group Process Innovation Project’ on May 20… live-streamed in the group - Beginning with ‘Work Innovation Project,’ which completely redesigns work procedures… to be completed in 2022 - “Digital transformation is changing the way we work. We can survive in the future if we completely design it anew.   ▲ Chairman Kim Yoon of the Samyang Group emphasized the importance of digital transformation to employees in the ‘Samyang Group Process Innovation Project’ held on May 20 in Samyang Discovery Center, Pangyo.     Samyang Group (Chairman Kim Yoon) is rebuilding enterprise resource planning (ERP) to accelerate digital transformation and change the way of working.      To establish ‘Global One ERP,’ Samyang Holdings announced in May that it launched the 'Samyang Group Process Innovation Project’ and held a kickoff event on the same day at the Samyang Discovery Center, Pangyo. To prevent the spread of coronavirus disease 2019 (COVID-19), this event minimized physical attendance and was live-streamed to employees in the group.     ERP is a business management system that accumulates data in business activities such as sales, production, accounting, and management central system and supports decision-making based on accurate information.   While Samyang Group has introduced and used ERP since 2001 as one of the very first companies to do so in Korea, the group decided to rebuild ERP due to growing importance of data and a rapidly changing work environment. This newly built ERP will integrate offices in Korea and other affiliates around the world under one system and increase efficiency with cloud technology. Furthermore, AI-based prediction analysis and mobile working process will be introduced to lead data-based work innovation.     Beginning with ‘Work Innovation Project,’ which redesigns work procedures, systems, and data to be in line with global best practices, Samyang Group is aiming to get this new ERP up and running in 2022 after establishing Korean entity system and connecting with the system overseas.     Chairman Kim Yoon emphasized employees’ active participation and willingness to change in the event, “Digital transformation is changing the way we work. We can survive in the future if we completely design the company’s process, system, and data anew.”   Currently, Samyang Group is seeking 8 initiatives for digital transformation. Rebuilding ERP is one of those 8 initiatives. The group is also nurturing data analytics experts and utilizing digital technology to respond to changes in research and development, production, and marketing. Plus, the group is seeking to expand robot process automation (RPA) with the goal of reducing 40,000 hours annually and using innovative digital technologies such as AI and big data to prepare for the future.  

  • Samyang Group 2020.05.22
    Samyang Group Launching an Industry-Academia Cooperation Course to Nurture Talented Individuals in Convergent Technologies
    Samyang Group Launching an Industry-Academia Cooperation Course to Nurture Talented Individuals in Convergent Technologies

    - For 120 undergraduates and graduates in the Department of Chemical Engineering at Sungkyunkwan University… Special lecture for Samyang’s convergent technologies - Provided online class due to COVID-19… Spurring academic achievements by actively utilizing various digital technologies - Develop convergent technology competencies by learning various fields such as chemicals, food, electronic materials, and biopharmaceuticals   ▲Online industry-academia cooperation course provided by Samyang Group to undergraduates and graduates in the Department of Chemical Engineering at Sungkyunkwan University. Samyang Group is now striving to digitally teach convergent technologies. Samyang Group (Chairman Kim Yoon) announced on May 18 that the group is providing an industry-academia cooperation course to 120 undergraduates and graduates in the Department of Chemical Engineering at Sungkyunkwan University. The course called ‘Special Topics in Petrochemical Industry’ was designed to feature ‘special topics in Samyang’s convergent technologies’ and nurture talented individuals equipped with both professional knowledge and research & development (R&D) skills. This course is provided as an online class to prevent the spread of COVID-19. Samyang Group proactively links its contactless meeting system and Sungkyunkwan University’s cyber system, to provide an online course and improve academic achievement with digital quizzes, weekly reports, and cyber mentoring. Furthermore, the group has facilitated communication between professors and students throughout social media. This course, which will be provided until June for 15 weeks, features 10 lecturers including CTO/President Kim Young-hwan of Samyang Group and team leaders and Ph.D. project leaders of the Group’s Research Center, who will teach next-gen material technologies, market trends, and Samyang’s convergent technologies. Samyang Group develops and supplies key materials essential for daily life across business areas such as chemicals, food, packaging, and biopharmaceuticals. To develop specialty (highly functional) products through convergent technologies and advance to the global market, the group has recently been promoting open innovation and nurturing and recruiting talented individuals through various industry-academia activities.  In this course, students learn various fields such as electronic materials, biofood, biopharmaceuticals, and packaging along with technological trends in industry and develop convergent technology competencies required for the 4th Industrial Revolution.  At the end of the semester, each team will give a presentation under the theme of ‘proposal for new technology and business model based on next-gen material.’ Samyang Group helps them to prepare their presentation through mentoring, provides additional points in recruitment to the students who achieve outstanding scores based on presentation and final exam results, or recommends them for industry-academia scholarships.  CTO/President Kim Young-hwan of Samyang Group stated, “Samyang Group is doing business in different but related areas like chemicals, food, electronic materials, and biopharmaceuticals and has its strength in developing convergent technologies. We will continue to work with our industry-academia cooperation and contribute to nurturing talented individuals in convergent technologies, who will lead the 4th Industrial Revolution.” Professor Kim Yoon-chul from Sungkyunkwan University remarked, "This hands-on learning to create new value by using chemistry and chemical engineering and converging with other technologies will be greatly beneficial to students seeking to choose their career paths. This course where industry and academia come together to nurture convergent individuals required in industry is a win-win collaboration model.” Meanwhile, this course introduces various technologies and basic principles related to Samyang Group’s businesses such as specialty materials and compound technologies based on engineering plastics, which are key chemical materials in Samyang Group, and other related technologies like color-matching technologies, ion exchange resin, electronic materials, enzyme and fermentation technologies, aseptic filling, and cosmetic material technologies, and drug delivery system (DDS). Samyang Group is planning to expand industry-academia courses with major universities and contribute to nurturing talented individuals in convergent technologies. 

  • Samyang Group 2020.04.16
    Samyang Group Supporting ‘Social Distancing’ With Recipe Video for Q.one Homemade Mix
    Samyang Group Supporting ‘Social Distancing’ With Recipe Video for Q.one Homemade Mix

    - Release of the “Stay at Home with Q.one Homemade,” which makes new desserts using Q.one Homemade Mix - Demonstrate 4 recipes based on Homemade Mix… Realize both exquisite taste and convenience by actively using the air fryer - Create various desserts from Homemade Mix targeting a growing number of ‘modisumers’… Hoping everyone finds some time to relax   ▲4 recipes based on Q.one Homemade Mix from Samyang Corporation   Samyang Group is emphasizing the importance of social distancing with a video featuring a recipe based on Q.one Homemade Mix.     Samyang Corporation (Vice President Song Ja-ryang) announced on April 13 that the company released a video “Stay at Home with Q.one Homemade,” referencing how one can make new desserts using Q.one Homemade Mix.     In the released video, pastry chef Choi Hanna from Samyang Corporation demonstrates 4 recipes: twisted doughnuts using Chalhoddeok Mix, chocolate chip scones using Urimil Pancake Mix, mini pizzas using Naan and Curry Mix, and cheese potato balls using Potato Pancake Mix. In particular, this video actively makes use of the air fryer, which has become widely available, in hopes to realize exquisite taste and convenience.     An official from Samyang Corporation stated, “Society is witnessing a growing number of modisumers, who are always interested in making or innovating something, and to meet this trend, we are showcasing many new types of desserts based on Q.one Homemade Mix. We produced this video in the hopes that consumers who spend more time at home due to social distancing can find some time to relax during this difficult time.”     Meanwhile, Samyang Group has donated to various organizations to overcome COVID-19. Back in March, Samyang Corporation, Samyang Packaging, and Samyang Biopharmaceuticals Corporation donated funds and goods worth of KRW 150 million to the 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 health facilities, to Keimyung University’s Dongsan Hospital in Daegu, a regional hospital designated for COVID-19. Other affiliates also joined efforts to overcome the crisis in the local community: Jincheon Factory in Samyang Packaging donated food products to Daedeok-gu Volunteering Center, while Yeosu Factory in Samnam Petrochemical donated KRW 10 million to Munsu Social Welfare Center in Yeosu. 

  • Samyang Packaging 2020.03.26
    Samyang Packaging Hosted the 6th Annual Shareholder Meeting
    Samyang Packaging Hosted the 6th Annual Shareholder Meeting

      Samyang Packaging, a packaging affiliate in the Samyang Group, held the 6th annual shareholder meeting on March 25 in the auditorium on the 1st floor of the Samyang Group’s headquarters located in Yeonji-dong, Jongno-gu, Seoul. At the meeting all agends were resolved as proposed, including the approval of the financial statement and the appointment of a director,   Several agendas, the approval of the 6th financial statement, the appointment of a director and an auditor, and the approval of the compensation limit for the director and auditor, were proposed and approved accordingly.   In a sales report for 2019, revenue was reported as KRW 375.4 billion and pre-tax profit was KRW 36 billion. The cash dividend for KRW 750 per share was resolved as per the approval of the 6th financial statement. Professor Shin Dong-hoon at Korea University was re-appointed as an outside director, and former CEO Kwak Chul-ho of Samyang Biopharmaceuticals Corporation was newly appointed as an auditor.   CEO Jo Dok-hee said, “Although the external environment is challenging due to increasing competition in the aseptic market and a shrinking container market, we will focus on improving profitability and manufacturing competitiveness for container business and achieve KRW 384 billion in revenue and KRW 45 billion in pre-tax profit.”

  • Samyang Group 2020.03.06
    Samyang Group Donates KRW 150 Million in Funds and Goods to Help Combat COVID-19
    Samyang Group Donates KRW 150 Million in Funds and Goods to Help Combat COVID-19

      - Samyang Group, together with its affiliates Samyang Corporation, Samyang Packaging and Samyang Biopharmaceuticals Corporation, donates KRW 100 million and goods such as Rheumastop® Plaster and Q.one Homemade. - “It is our hope that South Korea and its people overcome the crisis and return to their normal and healthy lives as soon as possible.”   Samyang Group announced on June 6 that it has donated KRW 150 million in money and goods to the Korean Red Cross to help the nation suffering from the novel coronavirus (COVID-19) outbreak and deliver aid to those in need.   The funds were raised together with its affiliates such as Samyang Corporation, a food and chemical company, and Samyang Packaging. At the same time, Samyang Biopharmaceuticals Corporation, its bio-pharmaceutical affiliate, and Samyang Corporation donated anti-arthritis treatment Rheumastop® Plaster and Q.one Homemade worth KRW 25 million respectively. In addition, Samyang Biopharmaceuticals Corporation donated 50 non-contact type thermometers, for which demand is skyrocketing on site, to Keimyung University Daegu Dongsan Hospital, a designated COVID-19 Regional Center Hospital.   Donated funds and goods will be used for medical supplies and aid relief to help stem the outbreak as well as support medical staff and those in self-isolation and temporary living facilities.   “We would like to extend a small helping hand towards the communities suffering from the outbreak and those in the forefront of fighting the crisis facing our nation,” said a representative from Samyang Group, adding, “It is our sincere hope that our nation and people overcome the crisis and return to their normal and healthy lives as soon as possible.”    Samyang Group has taken initiatives on corporate social responsibility by donating funds and goods for a national disaster, along with implementing scholarship programs through the Yangyoung and Sudang Foundations. Last year, when a wildfire broke out in Gangwon Province, Samyang Group donated funds and medical supplies worth KRW 100 million to support victims in the region. It has also donated funds to the Beautiful Store, the Community Chest of Korea and others on a regular basis.

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