On Jan. 2, Kim Yoon, chairman of Samyang Group, announced, “The year 2024, marking the 100th anniversary of our foundation, will be the inaugural year of transformation for a new Samyang.”
During the New Year’s ceremony at the Samyang Discovery Center in Pangyo, Chairman Kim emphasized three core management policies: transitioning to a global specialty business-centered portfolio, strengthening cash flow management, and accelerating a digital transformation.
He also mentioned that the company is preparing a new corporate mission and management philosophy. Chairman Kim advised, “Once the new corporate mission and management philosophy, along with our performance system, are established, all employees must internalize them to drive change.”
He evaluated the past year as significant for Samyang Group, noting milestones such as acquiring Verdant, a U.S. specialty chemical material company, and completing a biodegradable suture factory in Hungary, laying the groundwork for global business expansion.