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  • Samyang Group 2021.08.03
    Samyang Group Holds Digital Meeting and Commits to Vision 2025
    Samyang Group Holds Digital Meeting and Commits to Vision 2025

    - Responding to uncertainty by reorganizing key businesses and improved execution with business directions for the second half - Highlighting the importance of executing Vision 2025 to “emerge as a global specialty solution company” - Calling for “focus on health and wellness, and accelerating eco-friendly efforts”   ▲ Chairman Kim of Samyang Group encouraged employees to overcome the pandemic and achieve Vision 2025 in a video message. "Commitment of all employees as a driving force to achieve goals"     Samyang Group (Chairman: Kim Yoon) has committed to overcoming the pandemic and achieving its Vision 2025 in a digital meeting.   Samyang Group announced on August 2 that it held the 2021 Group Meeting online on the same day. Chairman Kim routinely shares with employees the company’s key performance and business directions through new year’s kick-off and other meetings. Chairman Kim actively communicated with employees online since the advent of COVID-19 and social distancing.   In a video message, Chairman Kim said, “We should reorganize our key businesses and focus on improving execution to respond to the new normal where uncertainty is increasing.” He also presented three business directions to respond to the current pandemic and promote mid- and long-term growth by improving execution for Vision 2025, continuing with digital transformation, and stabilizing a new HR system.   Vision 2025 is the mid- and long-term growth strategy of Samyang Group. Its goals are to focus on promoting the health and wellness business, discovering new opportunities in the eco-friendly and advanced materials businesses, and emerging as a global specialty (highly functional) solution company. It mainly aims for qualitative growth by advancing the company’s business structure, such as operating more than 30% of its assets in the global market and creating more than 60% of its earnings from specialty products by 2025.   Chairman Kim said, “To improve execution for Vision 2025, we should strengthen our specialty business, accelerate our global efforts, utilize open innovation, and discover convergent businesses. To reinforce specialty, we will focus on health and wellness by expanding the business scale of nutrition, medical and personal care, while accelerating our eco-friendly efforts by successfully commercializing the biodegradable plastic material isosorbide and solidifying the recycling business.”   Chairman Kim also called for promoting digital transformation and stabilizing a new HR system. Since last year, Samyang Group pushed for ERP restructuring and robot process automation (RPA) to establish the digital system and change the way employees work. In addition, Samyang Group also overhauled its HR system to build capacity for employees and respond to an extremely elevated external uncertainty. With the introduction of the new HR system, Samyang Group is creating an environment where the company and its members grow together and voluntarily dedicate themselves to delivering outcomes.   Finally, Chairman Kim ended the meeting, saying “Vision 2025 can be achieved only when the company and our employees grow together. Let’s overcome the crisis and build the base for growth based on our consensus about goals.”  

  • Samyang Group 2021.05.11
    Samyang Group Sudang Foundation Held the 30th Sudang Awards
    Samyang Group Sudang Foundation Held the 30th Sudang Awards

    - Professor Emeritus Kim Jang-joo at Seoul National University and Professor Sung Yung-eun at Seoul National University each awarded KRW 200 million and a plaque - Started from 1973 in honor of the founder’s commitment to nurturing future generations, and sponsored continuously by the Samyang Group   ▲  The Sudang Foundation held the 30th Sudang Awards on May 3 in Lotte Hotel, Seoul. From left to right: President Kim Yoon of the Sudang Foundation, Professor Emeritus Kim Jang-joo at Seoul National University Department of Materials Science and Engineering, and his wife, Professor Sung Yung-eun at Seoul National University School of Chemical and Biological Engineering, and his wife, and Chair Jin Jeong-il of the Sudang Awards Steering Committee.     The Samyang Group Sudang Foundation (President: Chairman Kim Yoon of Samyang Holdings) announced on May 4 that it held the 30th Sudang Awards on May 3 in Lotte Hotel in Sogong-dong, Seoul.   This year’s Sudang Awards for Applied Sciences went to Professor Emeritus Kim Jang-joo (66) at Seoul National University Department of Materials Science and Engineering, and Professor Sung Yung-eun (57) at Seoul National University School of Chemical and Biological Engineering. Each received KRW 200 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. Researchers who contributed to academic progress in Korea are selected and awarded every year. 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. It was discontinued temporarily but continued by the Sudang Foundation in 2006 by renaming it as the Sudang Awards and expanding categories in Natural Sciences and Humanities. From 2008, with the Applied Sciences added, awardees from three categories have been selected and each given KRW 100 million and a plaque. There has been a slight change in the selection process starting this year; recommendation letters were received from three categories and two researchers with great achievements were selected regardless of the category. Furthermore, the award money has been increased from KRW 100 million to KRW 200 million to facilitate and motivate research activities. Since the inception of the Sudang Awards, Samyang Group has sponsored the Awards so far.   The award ceremony started with greetings from President Kim Yoon of the Sudang Foundation. It was followed by a progress report by Chair 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 winners in award categories.   Based on its corporate philosophy for social contribution ‘Provide an opportunity to make dreams come true,’ Samyang Group is providing scholarship programs and academics support programs in basic sciences and humanities through the Yang Young Foundation and the Sudang Foundation. The two Foundations have funded scholarships and grants for over 20,000 students, 600 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 contribution activity.

  • Samyang Packaging 2021.03.31
    Samyang Packaging Hosted the 7th Annual Shareholder Meeting
    Samyang Packaging Hosted the 7th Annual Shareholder Meeting

    - Reported KRW 367.6 billion in revenue and KRW 38.5 billion in profit before tax in 2020… Allocated KRW 1,000 in dividends per common stock - Reinforced aseptic leadership, focusing on improving profitability and competitiveness in container business… Targeting KRW 371.5 billion in revenue for this year   ▲ The 7th annual shareholder meeting of Samyang Packaging was held on Mar. 24 in the auditorium on the first floor of the Samyang Group’s headquarters in Jongno-gu, Seoul.     Samyang Packaging (CEO Jo Dok-hee ), a packaging affiliate in the Samyang Group, announced that the company held the 7th annual shareholder meeting on Mar. 24 in the auditorium on the first floor of the Samyang Group’s headquarters located in Yeonji-dong, Jongno-gu, Seoul. All of the following 5 agenda items were resolved as proposed: approving the 7th financial statement; partially amending articles of incorporation; appointing directors; and approving compensation limits for directors and auditors.   In a sales report for 2020, revenue was reported as KRW 367.6 billion and profit before tax was KRW 38.5 billion. The cash dividend for KRW 1,000 per common stock was resolved as per the approval of the 7th financial statement.   In regards to appointed directors, Vice Chairman Kim Joeng  of Samyang Packaging was re-appointed as an inside director while Inside Director Yoon Seok-hwan  of Samyang Packaging was newly appointed as a non-executive director.   CEO Jo Dok-hee said, “We are targeting KRW 371.5 billion in revenue and KRW 52.5 billion in profit before tax for this year. By establishing the 5th aseptic production facility, we will strengthen our aseptic market dominance, enter new markets, expand major customers, and improve profitability in container business.”  

  • Samyang Group 2021.03.03
    Samyang Group’s Yangyoung Foundation and Sudang Foundation Provide Scholarships for 2021
    Samyang Group’s Yangyoung Foundation and Sudang Foundation Provide Scholarships for 2021

    - Provided a total of KRW 833 million to 88 undergraduate and graduate students recommended by universities - Continued financial assistance and research grants to 23,000 students and 760 professors since 1939 ▲  The Yangyoung Foundation and Sudang Foundation in the Samyang Group provided KRW 833 million to 88 undergraduate and graduate students on Feb. 19.   Samyang Group’s Yangyoung Foundation and Sudang Foundation announced on Feb. 22 that they provided scholarships to 88 undergraduate and graduate students for 2021 on February 19.   This year, the Yangyoung Foundation provided scholarships to 77 undergraduate and graduate students and the Sudang Foundation to 11 undergraduate students. KRW 833 million was provided to 88 students in total. The students who received scholarships were recommended by their universities they showed great academic achievements and set an example for others despite their difficult situations. Due to COVID-19, Yangyoung and Sundang Foundation did not hold a scholarship ceremony at the headquarters of Samyang Group like they did in the past.   Undergraduate and graduate students can receive scholarships up to 4 semesters and starting this year, learning support grants are additionally provided on top of tuition fees to help students solely focus on their studies.    Based on its philosophy of corporate social responsibility “provide an opportunity to make a dream come true”, the Samyang Group is providing scholarship and support programs in basic sciences and humanities through the Yangyoung Foundation and the Sudang Foundation. The two Foundations have funded scholarships and grants for 23,000 students, 760 professors, and other research groups. In particular, the Yangyoung Association, a predecessor to the Yangyoung Foundation is recognized for Korea’s first corporate social responsibility activities.   The Samyang Group’s Yangyoung Foundation, the origin of a private scholarship foundation, was established in 1939 by the late Chairman Sudang Kim Yeon-su, the founder of the Samyang Corporation. The Sudang Foundation was established in 1968 by Chairman Kim and his children to expand scholarship programs, and it provides the Sudang Awards, which consists of KRW 200 million and a plaque to 2 selected professors in the areas of basic science, applied science, and humanities.

  • 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.

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