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  • Samyang Corp 2022.08.08
    Samyang Corporation’s mass production of eco-friendly, toxic substance-free, transparent flame retardant polycarbonate is in full swing
    Samyang Corporation’s mass production of eco-friendly, toxic substance-free, transparent flame retardant polycarbonate is in full swing

    - Eco-friendly and maintaining transparency and properties of common PC. Highest grade in UL 94 vertical burning test (V-0) - Developed based on Si-PC with excellent shock and chemical resistance at low temperatures, overcoming weaknesses of previous flame retardant PC - Targeting electrical/electronic, automotive, architecture and other outdoor markets in need of both low-temperature shock resistance and flame retardancy - Possible to be processed in thin films such as sheets and profiles, planning to expand market by supplying base resin to compounder companies   ▲ Eco-friendly and transparent flame retardant PC resin developed by Samyang Corporation and a transparent panel thinly processed by using this resin.     Samyang Corporation aims to achieve eco-friendliness and high performance by developing environment-friendly, transparent flame retardant polycarbonate (PC). PC is a type of engineered plastic typically used in interior and exterior materials of cars and home appliances, as well as soundproof walls, parts in medical devices, etc. as it is transparent and strong against shock and heat.   Samyang Corporation (Head: Kang Ho-sung), a chemical and food division of Samyang Group, announced on the 20th that it has successfully developed eco-friendly and transparent flame retardant PC, free of toxic substances, and established a full-fledged mass production system. The eco-friendly and transparent flame retardant PC will be manufactured at Jeonju EP Plant of Samyang Corporation and Jeonju Plant of Samyang Kasei.   Flame retardant PC is necessary in products that generate heat or are vulnerable to fire. Materials vulnerable to fire may lead to greater damages such as secondary fire and toxic gases, so home appliances, interior and exterior materials in cars, construction materials, helmets, etc. assure safety by using flame retardant materials.   Typically, a flame retardant substance is added to produce a transparent flame retardant PC, but this reduces transparency and impact strength, which are the strengths of PC. The environmental pollution caused by the substance is another issue. Halogen substances such as chlorine and bromine, which are also flame retardant substances, generate toxic gases when burned. In the past, non-halogen substances were regarded as an alternative but, in recent years, these too have been the center of a controversy with respect to their harmful effects.   Samyang Corporation’s eco-friendly and transparent flame retardant PC was developed based on silicone PC (Si-PC) that the company had localized in 2012 by changing the substance bonding structure without adding any flame retardant materials. Thus, it shows more outstanding impact strength and chemical resistance at low temperatures than typical PC.   It has also satisfied “V-0” standard, which is the highest grade in the “UL 94” vertical burning test. UL 94 is a plastics flammability standard developed by “UL (Underwriters Laboratories)” in America, a safety standard development and authorization agency, and V-0 grade is given only to the plastics on which burning stops within 10 seconds of setting a vertically placed specimen on fire.   With its superior shock resistance, chemical resistance and transparency at low temperatures compared to existing kinds of transparent flame retardant PC, Samyang Corporation plans to target all markets in need of aforementioned properties, including electricity and electronics, automotive, outdoor lighting and displays, electric vehicle charging stations, exterior materials of airplanes, interior and exterior materials of buildings, and medical devices.   In addition, it maintains similar mechanical properties as the common PC even if it is processed in thin films, including sheets and profiles, of about 1mm in thickness, which enables it to be utilized not only for functional packaging materials but also in many other industries that require transparency and flame retardancy.   For the expansion of the eco-friendly, flame retardant PC market, Samyang Corporation will provide it in the form of base resins (plastics constituted of single materials) to other chemical corporations. The chemical companies supplied with the base resins will be able to manufacture and sell compounds (products with improved properties by mixing base resins with additives) according to the features needed by final products in construction, automotive and aviation industries.   A representative of Samyang Corporation stated, “Samyang Corporation’s eco-friendly and transparent flame retardant PC does not use any toxic flame retardant substances so it is free of environmental issues while maintaining the strengths of common PC that can be processed in a transparent and thin manner. Because it is developed based on silicone PC with great shock resistance at low temperatures, it may be used in a variety of applications, including building exterior materials and outdoor lighting.”  

  • Samyang Corp 2022.07.20
    Samyang Corporation Introduces Its Allulose Brand ‘Nexweet’ to the Global Market
    Samyang Corporation Introduces  Its Allulose Brand ‘Nexweet’ to the Global Market

    - The allulose brand “Nexweet” makes its global debut at IFT FIRST 2022 in Chicago - Held tasting booth for their beverage, jam and cereal bar made with allulose and prebiotics - Plans to produce easy-to-export powder products, as well as acquire global strongholds and tech centers to compete with multinational conglomerates   ▲Members of Samyang Corporation in Chicago, USA for the IFT FIRST 2022 (July 11–13, local time) are posing for a commemorative photography. Samyang introduced its allulose brand ‘Nexweet’ to the global market during this exhibition.   Samyang Corporation launches its brand marketing in the global market, with its specialty (high value) ingredients.   Samyang Corporation (Head: Choi Nag-hyun) announced on July 15 that they introduced their new sugar substitute allulose brand ‘Nexweet’ at the IFT FIRST 2022 held in Chicago, USA from July 11-13. Allulose is a low-calorie sugar that naturally exists in certain fruits, such as figs and raisins. Because it has the same clean and sweet taste you expect from sugar, yet is nearly calorie-free, it is often called the most optimal next generation sweetener.   Samyang Corporation developed the brand to progressively market their allulose products as a key part of their sugar-reducing ingredients business. The name ‘Nextweet’ is a compound word, combining ‘next’ and ‘sweet’ and signifying ‘the sugar that leads the next generation.’   In 2016, Samyang succeeded in mass producing liquid allulose using an enzyme they have developed, and more recently built a factory in Ulsan for producing crystal (powder) allulose. Much easier to handle compared to the liquid type, crystal allulose is suitable for export and can be more readily applied in bakery and other areas that use powdered sugar.   During the event, Samyang also presented their prebiotics products with kestose, the ingredient for indigestible maltodextrin and fructooligosaccharide. Samyang held a tasting corner at their booth with various products such as drinks, jams and cereal bars containing allulose and indigestible maltodextrin, for their potential global clients.   Indigestible maltodextrin is a functional ingredient that can help with bowel movement, prevention of blood sugar spikes after meals, and high triglycerides in the blood. It can be used in beverages, cereal bars, baked goods, fermented milk products and many more. Kestose is one of the key ingredients of fructooligosaccharides and Samyang is currently undergoing a human trial, to have kestose approved as an ingredient for health functional foods.   This year, Samyang built its Ulsan factory exclusively for specialty products such as indigestible maltodextrin and fructooligosaccharides and is aiming to expand the prebiotics markets both domestically and abroad.   A Samyang associate affirmed, “Samyang Corporation is producing a variety of premium sugars and prebiotics using our proprietary enzyme technology, as we aim to enter the global markets. We will improve our brand awareness through various global corroboration and exhibitions, rendering us able to compete with other multinational conglomerates by building global tech centers and strongholds.”    IFT FIRST is the single, largest food technology exhibition. It is an annual event organized by the Institute of Food Technologist (IFT) and is attended by over 1,200 companies from 90 countries. The last offline event was held in 2019 in New Orleans, pausing due to the COVID-19 pandemic.

  • Samyang Group 2022.03.17
    Samyang Group’s Yang Young and Sudang Foundations Deliver Scholarship Funds
    Samyang Group’s Yang Young and Sudang Foundations Deliver Scholarship Funds

    - Delivered a total of KRW 1 billion scholarship funds to 131 high school, college and graduate school students - Funds covering full tuition as well as living expenses for students to focus on their studies - Supported around 23,000 students and 800 professors with tuitions and research funds since 1939     ▲ On 18th, Samyang Group’s Yang Young Foundation and Sudang Foundation delivered a total of KRW 1 billion scholarship funds to 131 high school, college and graduate school students from around the country.     Yang Young Foundation and Sudang Foundation of Samyang Group announced that they delivered scholarship funds for 2022 to 131 high school, college and graduate school students amounting to approximately KRW 1 billion:   Yang Young Foundation to 56 college and graduate school students and Sudang Foundation to 15 college students and 60 high school students. The recipients included underprivileged yet exemplary students with exceptional grades who were recommended by their respective schools. Prior to the outbreak of COVID-19, the two foundations held scholarship delivery ceremony at Samyang Group HQ and personally handed out the scholarship funds and certificates, but such event has been omitted since the pandemic.   The scholarships from the two foundations give high school students KRW 1 million a year and college students up to four semesters of full tuitions as well as living expenses to allow them to focus on their studies.   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. Thus far, the two foundations have supported over 23,000 students and 800 professors and research groups with tuitions and research funds.   Samyang Group’s Yang Young Foundation was the first ever private scholarship foundation in Korea. It was founded by late Chairman Kim Yeon-su (pen name: Sudang) in 1939. Sudang Foundation was set up by Chairman Kim and his children in 1968 as a part of expansion of their scholarship programs. Along with scholarship programs, Sudang Foundation also runs Sudang Awards where they choose two accomplished professors in the fields of fundamental sciences, applied sciences and humanities with plaques and KRW 200 million prize money.  

  • Samyang Group 2022.02.11
    Samyang Biopharm USA Appoints Ryu Eun-ju as Its New President
    Samyang Biopharm USA Appoints Ryu Eun-ju as Its New President

    - Expertise in new global pharmaceutical businesses and global marketing, such as global clinical trial management, licensing and global marketing - Has key capabilities in establishing and commercializing global strategies for anticancer drugs and treatment for rare diseases - “Plan to lay foundation for the growth in the long run by securing new R&D pipelines and expanding business portfolios”   ▲Ryu Eun-ju, New President of Samyang Biopharm USA   Samyang Biopharm USA, a global biopharmaceutical corporation under Samyang Group, announced on February 10 that Ryu Eun-ju has been newly appointed as its President.   Ryu brings more than 30 years of expertise in establishing new pharmaceutical business and marketing strategies such as global clinical trial management and licensing for global pharmaceutical companies.   She graduated from the College of Pharmacy at Ewha Womans University and earned her master’s degree in Clinical Pharmacy at Sookmyung Women’s University and MBA degree at New York University in the U.S. Ryu was the head of the Oncology & Specialty Business Unit at Pfizer Pharmaceuticals Korea, and has worked at the headquarters in the U.S. since 2006, showing expertise in various positions, such as Marketing Director of Japan and Asia, Portfolio Acquisition Director and Global Marketing Director. She also led the development of global clinic trials and new businesses in Bayer Korea and other medical companies in the U.S. Ryu was awarded by the Minister of Health and Welfare for contributing to the cooperation and development of the U.S.-Korea pharmaceutical bio-industries.   Lee Young-Joon, head of the Biopharmaceuticals Division, said, “Ryu has key capabilities in establishing and commercializing global strategies for anticancer drugs and treatment for rare diseases. She will contribute to Samyang Biopharm USA taking the next big step forward with her capabilities and experiences.”   Ryu commented, “I am happy to be the new President of Samyang Biopharm USA, striving to contribute to improving the quality of patients’ lives by developing innovative anticancer drugs. I plan to lay the foundation for the growth of Samyang Biopharm USA in the long run by securing new R&D pipelines and expanding business portfolios.”   Samyang Biopharm USA is an overseas corporation of Samyang Holdings established in the center of the global bio industry at Kendall Square, Boston in August 2018 with the goal of developing innovative oncology drugs and rare disease treatments. Samyang Biopharm USA intends to increase the speed and success rate of biopharmaceutical development by conducting global clinical trials of new oncology drug candidates studied by the Samyang Holdings Biopharmaceuticals Division in Korea through the implementation of the open innovation strategy that aims to introduce and develop new biopharmaceutical technologies and materials at an early stage by making the most out of its position. Currently, the company continues to search for new drug candidates targeting immunotherapy and rare disease treatments.    

  • Samyang Group 2022.01.24
    Online Commemoration of the First-Year Anniversary of the Deceased Kim Sang-ha, Honorary Chairman of Samyang Group
    Online Commemoration of the First-Year Anniversary of the Deceased Kim Sang-ha, Honorary Chairman of Samyang Group

    - Online commemoration to take place until the 23rd through commemorative video - Devoted his life for the development of society while serving as a chairman of around 100 organizations - Fostered new talents and promoted learning while serving as a chairman of scholarship foundation   ▲ Online commemoration of the first-year anniversary of the deceased Kim Sang-ha, honorary chairman of Samyang Group, took place. The photo was captured from the video     An online commemoration of Kim Sang-ha, honorary chairman of Samyang Group who passed away on January 20, 2021 at the age of 95, will take place.   Samyang Group (Chairman: Kim Yoon) announced on January 20 that the online ceremony to commemorate the first-year anniversary of the deceased honorary chairman Kim will take place until the 23rd. 7-minute-long commemorative video of Kim and his quotations can be checked on the Samyang Group website.   Starting with Kim’s word, “I am greatly responsible for the matters of this company; and therefore, I examine myself three times a day,” the video portrayed Kim’s lifetime who devoted his life to the company, including his management philosophy as well as social contribution activities.   Putting a great emphasis on on-site management and R&D innovation, Kim led the company by taking charge of adopting new technology and equipment when the group entered into new markets. His management philosophy of industrial patriotic spirit can be seen from the video. The video shed a new light on his devotion to country and society through social contribution activities and fostering of new talents. Having been appointed as the chairman of Korea Chamber of Commerce and Industry for 12 years, Kim served as a chairman of around 100 organizations, including Korea Japan Economic Association, Pan-national Promotion Commission for Second National Foundation, Korea Basketball Association, and Korea Environmental Preservation Association, thereby greatly contributing to the development of culture, physical training and society. He also served as the chairman of Haseo Foundation and sought ways to foster talents and promote learning and scientific and technological development. Kim who paid an on-site visit to business sites of Samyang and interacted with employees can be seen in the video as well.   Born in 1926 in Seoul as the fifth-born of 7 sons and 6 daughters of Kim Yeon-su (pen name: Sudang), Kim studied politics at the Seoul National University, graduated in 1949, and began his career in Samyang. After joining the company, he led the new industry of introducing technology and equipment regarding sugar refinery and polyester and supervised on-site plant business. While serving as the CEO and chairman of Samyang Group, Kim led the company to enter into terephthalic acid (TPA), a main raw material for polyester fiber, engineering plastic, starch and starch sugars markets and expanded the company’s portfolio into food and chemical industry. He also prepared for Samyang’s future growth engine by entering into packaging and biotechnology market around the time he became the group’s chairman in 1996.   An official from Samyang Group said, “Honorary Chairman Kim Sang-ha devoted his life to make the country strong while practicing the virtue of moderation and modesty. We will follow his footsteps and prepare the next century of Samyang Group.”  

  • Samyang Group 2022.01.05
    Samyang Group: “The challenge for growth will not stop”
    Samyang Group: “The challenge for growth will not stop”

    - Posted a video of a New Year’s address on the company intranet and shared as a message from management and executives after the COVID-19 outbreak - Focusing on “specialty products, global market expansion, cash flow management, and workstyle transformation” - “Let’s open up a new century together by harmoniously implementing short-term goals and mid- to long-term challenges for growth”     ▲ Photo of 2022 Samyang Group’s New Year’s address     Chairman Yoon Kim of Samyang Holdings delivered a New Year’s address to the executives and employees of Samyang Group and said, “The crisis continues but the challenge for growth will not stop.”     Samyang Group announced on January 3 that they posted Chairman Yoon Kim’s New Year’s address on the company intranet instead of holding a New Year opening ceremony. Since the spread of COVID-19, Samyang Group has been circulating the management and executives’ messages as videos online.      In his New Year’s address video, Chairman Yoon Kim said, “We will prepare for the next century by accelerating the reorganization of our business portfolio focusing on the global market and specialty products,” and proposed ‘accelerating the expansion of specialty products and global market, strengthening of cash flow management, and changing the company’s workstyle’ as the three management policies for this year. It means spurring the mid- to long-term growth strategy “Vision 2025” established last year despite difficulties at home and abroad, such as rising raw material prices and sluggish economic recovery.     First, Chairman Kim said, “The core goal of ‘Vision 2025’ is profitable growth through securing specialty products and expanding the global market,” and emphasized the importance of expanding specialty products and global advancement saying, “We should improve the execution of localization strategies for each global base and continue to discover new business opportunities.” Chairman Kim added, “We must thoroughly manage both cash flow and profitability by optimizing working capital, managing selling prices, and maximizing investment efficiency,” and urged, “We should improve investment efficiency of projects that are in progress and carefully proceed with new investments by setting priority.” He also said, “In order to properly utilize the newly introduced digital infrastructure throughout the company, a major change is required in the way we work and our mindset. We will actively participate in digital transformation, innovate the way we work, and have an open mind to new technologies, such as the metaverse.”     Finally, Chairman Kim said, “The completion of change and innovation is achieved through all of our participation,” and urged all executives and employees to actively participate in change by saying, “Let’s open up a new century by fulfilling short-term goals and harmoniously implementing mid- to long-term challenges for growth.”     Meanwhile, this New Year’s address video ended with a clip of Samyang Group employees who were born in the year of the tiger and shared their regrets from last year and their new year’s resolutions. Samyang Group executives and employees pledged to communicate with an open mind, seek self-development, and make sincere efforts, citing “efforts for profitability enhancement, acquisition of semiconductor materials company NC Chem, and digital transformation” as major achievements of last year.

  • Samyang Corp 2022.01.05
    Samyang Corporation’s AM BU Website Wins Grand Prize in the Chemical Category of “Web Award Korea”
    Samyang Corporation’s AM BU Website Wins Grand Prize in the Chemical Category of “Web Award Korea”

    - High evaluation of content excellence, UI design, and more in six categories by a panel of internet experts - AM BU opened a website dedicated to EP to overcome the limitations of face-to-face sales and discover global customers - Improved accessibility for customers by optimizing the search system and screen configuration, such as material characteristics and solutions ▲ Photo of Samyang Corporation’s AM BU website     Samyang Corporation won two awards at the Web Award Korea 2021. Samyang Corporation (President Kang Ho-sung), a food and chemical affiliate of Samyang Group, announced on December 30 that “AM BU website” and “specialty platform” won the grand prizes at Web Award Korea 2021 in the chemical and food material category, respectively.     Web Award Korea, hosted by the Korea Internet Professionals Association (Chairman Ko, Kyung-kon), selects and awards the most innovative and excellent website by evaluating six categories, including visual design, UI design and service of websites run in Korea, through a panel of 4,000 domestic internet experts. Celebrating its 18th anniversary this year, Web Award Korea was participated by 691 businesses in 13 categories and 74 fields.     In June, Samyang Corporation opened a website dedicated to engineering plastic (EP) to overcome the limitations of face-to-face sales and discover global prospects. This website is the only website among domestic chemical companies that provides a comparison of physical properties, and when clients set a category according to needs by materials, brands, properties and purposes for over 300 sorts of products by Samyang Corporation, they can check actual applications with the product descriptions. They can also compare the detailed physical properties of the materials applied to the case through the ‘Compare’ function. In particular, if they click on the image related to the industry, such as home appliances, automobiles, mobile devices and industrial materials, it shows recommended materials so that clients can easily find ones that match their needs.     The judges that examined the AM BU website said, “The elaborately configured digital showroom content made us feel like we’re at the actual showroom. The use of blue colors expressed the image of a chemical brand in a sophisticated way,” and gave high scores for content excellence and UI design.     An official from Samyang Corporation said, “We have improved the accessibility of our customers by optimizing the search system and screen configuration so that information about products, such as properties and solutions for each material, can be easily found. We will continue to strive to create values for our clients in times of non-face-to-face sales and discover potential customers.”     Samyang Corporation’s AM BU is supplying various compound products based on EP to domestic and foreign home appliances and automobile industries. A compound is a high value-added product that mixes two or more materials (resin, additive, reinforcing agent, etc.) to realize the physical properties demanded by customers.     Meanwhile, judges for the specialty platform of Samyang Corporation’s food business said, “We could quickly access product information according to the needs of each user based on materials, categories and concepts. Detailed contents on product utilization, such as sugar and dietary fiber calculation, are outstanding.” Samyang Corporation’s specialty platform also won the grand prize in food materials category with high scores in content excellence.

  • Samyang Group 2021.12.31
    Samyang Group Donates KRW 300 Million to the CCK for the Underprivileged
    Samyang Group Donates KRW 300 Million to the CCK
for the Underprivileged

        Samyang Group (Samyang Holdings Chairman: Kim Yoon) revealed on December 29 that it donated KRW 300 million to the Community Chest of Korea (CCK) to help the underprivileged.   Each Samyang affiliate, namely Samyang Holdings, Samyang Packaging and Samyang Innochem, donated KRW 100 million for the donation, which is expected to support the basic cost of living, education expenses, improvement of living environment and necessary medical fees for the underprivileged. Samyang Group has been donating to the underprivileged through the CCK every year since 2001.   An official from Samyang Holdings said, “We hope that the donation that came from the sincere hearts of Samyang Group’s executives and employees can, in some way, help those who are suffering due to the prolonged COVID-19 situation.”   Meanwhile, Samyang Group is taking the lead in fulfilling its social responsibilities by donating both financial support and goods. Last year in March during the start of the pandemic, Samyang Group gave a considerable donation of financial support and goods worth KRW 150 million to the Korean Red Cross. This year in April, it donated KRW 900 million worth of makeup to the Beautiful Store. The makeup it donated were provided to vulnerable social groups like homeless people, low-income families, etc.   In addition, Samyang Group is also partaking in support projects for scholarships, fundamental science and humanities through two student aid foundations, Yangyoung Foundation and Sudang Foundation, reflecting its philosophy for social contribution: “Opportunities to Make Your Dreams Come True .” Sudang Foundation is currently managing the Sudang Prize and selected recipients who achieved great accomplishments in the field of fundamental science, applied science, as well as humanities and social science, and gave them each a plaque and prize money worth KRW 200 million. Until now, both foundations have been providing scholarships and research grants to about 23,000 students, 700 professors and research organizations.

  • Samyang Corp 2021.12.08
    Samyang Corporation Joins Global Consortium to Advance to Europe with Allulose
    Samyang Corporation Joins Global Consortium to Advance to Europe with Allulose

    - Formed ANFC with global food companies to advance into EU and UK - Submitted a joint application for approval of the allulose novel food to the European Commission and the UK Food Standards Agency - Expected to reduce the time and cost of novel food registration and licensing... accelerating global expansion based on European licensing   ▲Samyang Group’s CI Samyang Corporation is accelerating its entry into the global market by pursuing various global licenses.   Samyang Corporation joined hands with global food material companies to target the European food market.   Samyang Corporation (CEO: Song Ja-ryang, vice president) announced on Dec. 6  that it had participated in a global consortium to promote the European licensing of allulose.   The consortium, named Allulose Novel Food Consortium (ANFC), was joined by global food companies such as Cosun Beet, Ingredion, and Matsutani Chemical in addition to Samyang Corporation.   This consortium is to facilitate the entry of allulose into the EU and UK markets, and ANFC is planning to submit a joint application to the European Commission and the UK Food Standards Agency to apply for approval of allulose as a novel food. Novel Food is a system in which the European Food Safety Authority (EFSA) conducts a safety evaluation of food with no history of consumption in Europe, then evaluates whether it is consumable and usable in food products.   Currently, allulose has been approved as a food ingredient in countries such as Korea, the United States, Japan, and Mexico; and in some countries and regions relevant licensing is underway. Allulose has been registered with the Flavor Extract Manufacturers Association (FEMA) of the US as a product that adds flavor to beverages and dairy products, and is also listed in the US FDA’s Generally Recognized As Safe (GRAS). ANFC plans to promote the exclusion of allulose sugar labeling within Europe after obtaining European approval for allulose. Currently, allulose is excluded from sugar labeling in the Korean and American markets, so the allulose market is continuously growing according to the trend of sugar reduction.   An official from Samyang Corporation said, “Close cooperation with global companies is expected to further save time and cost for registration and approval of allulose novel food,” and added, “The EU approval has a positive effect on obtaining the permission of other international organizations. So, we will further accelerate allulose’s entry into the global market with European licensing as a stepping stone.”   Allulose is a sweetener found in figs and grapes, and it is called a next-generation alternative sweetener because it has a sweetness similar to sugar but has ‘zero’ calories. Samyang Corporation succeeded in commercializing allulose with its own technology in 2016 and is currently focusing on expanding the foundation for global advancement through global public relations activities and discovery of business and distribution partnerships.    * References Companies participating in the consortium Matsutani Chemical Industry - Japan’s leading manufacturer of modified starch products and dietary fibers. Ingredion Incorporated - An American global provider of materials solutions to customers in more than 120 countries. Ingredion provides solutions using plant-based materials such as grains, fruits and vegetables in the food and beverage, animal health, brewing and industrial markets. Cosun Beet Company – A European leader in beet processing and sugar production, developing innovative solutions in plant-based protein, bio-based home care products and green energy.  

  • Samyang Group 2021.11.16
    Samyang Group Hosts “Samyang Innovation R&D Fair 2021”
    Samyang Group Hosts “Samyang Innovation R&D Fair 2021”

    - An annual event to exhibit research results to promote R&D motivation and share knowledge within the group - Exhibition and awarding of outstanding research results... Three awards, including one grand prize and two excellence awards - “The goal is to expand the global market and reorganize the business structure,” said Chairman Kim to improve the speed and success rate of commercialization   ▲ Reference Introduction of SIRF 2021 Award-Winning Projects   Samyang Group (Chairman: Kim Yoon) finds the keys to maximizing existing business performance and discovering new businesses in R&D.   Samyang Group announced that it held the Samyang Innovation R&D Fair (SIRF) 2021 at Samyang Discovery Center in Pangyo on November 10.   SIRF is an event that displays and shares the year’s research results at all research institutes under Samyang Group (i.e. Foodstuffs, Chemicals, Biopharmaceuticals, Convergence Materials Research Institute, Samyang Packaging Tech Center, and KCI Research Institute). Since 2012, Samyang Group has held annual events to increase R&D motivation and share knowledge.   This year’s SIRF minimized the number of on-site attendees and exhibitions to comply with COVID-19 protocols and streamed the event online following last year.   At this year’s SIRF, Samyang Group held an award ceremony for outstanding tasks and the project exhibition, encouraged research and development motivation, and shared research results by presenting projects.   For SIRF 2021’s Excellence Awards, Foodstuffs Research Institute’s “development of next-generation allulose sweetener” won the grand prize, while two tasks jointly won the excellence prize: Chemical Research Institute’s “development of PC/PBT materials for automotive interior components” and KCI’s “development of high-quality hypoallergenic emulsion-type thickener.”   At this awards ceremony, the grand prize winner was selected for the first time in 10 years, making it a more meaningful 10th anniversary of the SIRF. The SIRF Excellence R&D Awards are selected considering profits, contribution to company competitiveness, innovation, and creativity. The grand prize is given only to tasks with economic performance, innovation, and creativity.   On the same day, Chairman Kim Yoon asked the researchers via the in-house intranet, saying, “The core goal of the growth plan is to reorganize the business structure to expand specialty products (high value-added products) and global markets. We hope that the institute will work more closely with the business department and increase the speed of commercialization and success rate, which will be the driving force behind the achievement of the goal.”   ■ Reference Promoting specialty products and global market expansion based on R&D performance Samyang Group is promoting to expand its specialty products (high-value-added products) and global markets to maximize the performance of existing businesses and enter new businesses. The big direction of the new business is the material used in the health and wellness industry. Samyang Group entered the related market with alternative sweeteners such as allulose and prebiotics in the foodstuffs sector. Personal care materials are being fostered in the chemical business sector as a new growth engine to enter the health and wellness material industry. In addition, new materials such as highly functional compounds and biodegradable plastics are added to the business portfolio centered on polycarbonate and compound (a mixture of two or more materials such as resin, additive, and reinforcement) to maximize performance and specialization. Samyang Group’s growth strategies are also revealed in the 2021 SIRF award-winning projects.   Foodstuffs Research Institute’s (grand prize) rapid commercialization of new growth engines with next-generation allulose sweetener Samyang’s Foodstuffs Research Institute developed an alternative allulose sweetener, and won the grand prize for the first time in history at the SIRF. Until now, the excellence prize has been the highest award rating.   Allulose is a sweet ingredient contained in fruits such as figs and raisins, and is called the best next-generation sweetener because it has a sweet taste similar to sugar yet has zero calories. Allulose is used throughout various foods such as ice cream, fermented oil, syrup, and low-calorie jelly.   Allulose is a rare sugar that exists in minimal amounts in nature, but it can be mass-produced by reacting certain enzymes with fructose. The Foodstuffs Research Institute found enzymes that can produce allulose from microorganisms separated from food and succeeded in mass production in 2016. Since then, the institute has secured both cost and quality competitiveness by establishing its own enzyme technology with excellent allulose production capabilities and production process. The institute established products and production technologies and supported the application of allulose to actual products through joint research with client companies through collaboration with application technology development and marketing teams. Samyang’s allulose is being supplied to various customers, including major domestic beverage industries, low-sugar products of dairy industries, and health functional food companies. It is also actively targeting overseas markets by obtaining overseas sales permits, patent applications, and the United States FDA GRAS (“Generally Recognized As Safe”) registration as well as Kosher and Halal certification. The institute is also conducting joint research with global food companies to apply allulose to sauces, juice and beverages.   Samyang Corporation’s sales of allulose are expected to increase nearly ten times this year compared to 2018. Demand for allulose continues to increase thanks to interest in health and low-sugar trends. Samyang Corporation estimates that the global market size of Allulose was about KRW 20 billion last year and expects growth by 20 to 30 times by 2030. In line with this, Samyang Corporation has promoted overseas expansion and currently has sales permits in the United States, Latin America and Asia, and plans to continue to expand to major markets such as Europe. To cope with the growing overseas demand, establishing a local corporation is also being considered from a long-term perspective.   Chemical Research Institute reinforces competitiveness of existing businesses by developing specialty materials for automobiles Samyang’s Chemical Research Institute won the excellence award for improving physical properties so that “metal-textured plastic materials” (product name: Metalinus) can be used for automotive interiors. Automotive interior materials are continuously exposed to chemicals, such as air fresheners and cosmetics on human hands, and direct sunlight, requiring high chemical resistance, heat resistance, and light resistance.   Metalinus is an engineering plastic that can express various colors by inserting aluminum flakes (pieces) into polycarbonate (PC), a type of heat-resistant engineering plastic (EP), and implement a metal texture by applying Samyang’s coloring technology. Existing plastic products require a separate painting process to create a metal-like feeling, but Metalinus does not need an additional painting process because it can express metal texture and various colors only with plastic materials. Therefore, sophisticated components can be molded, and product production costs are reduced by omitting the painting process. In addition, since dyes containing substances harmful to the human body are not used, they are environmentally friendly. There is no color fading or peeling that may occur when the painted product is old. Since its launch in 2019, it has been applied to various premium household appliances such as air conditioners, vacuum cleaners, and washing machines as it can make products with sophisticated designs compared to metals cost-effectively, thus welcomed by client companies such as electronics companies.   Samyang’s Chemical Research Institute developed Metalinus for automotive interiors with improved chemical resistance, moldability, heat resistance, and light resistance by compounding (mixing) polybutylene terephthalate (PBT) on PC instead of acrylonitrile butadiene styrene (ABS) to apply Metalinus to vehicle components. Developed by the Chemical Research Institute, the material is applied to nine models of domestic automakers by replacing existing PC and ABS compound materials on dashboards inside vehicles – which requires to endure heat over 100 degrees Celsius – and consoles, including center fascia, due to its excellent heat resistance and light resistance. Samyang’s Chemical Research Institute continues to conduct joint research with the automotive industry to apply the material to new models and is also preparing for overseas exports.   KCI targets global corporate monopoly markets by developing emulsion-type thickener KCI, a specialty material production company for personal care products, won the excellence award for its high-quality hypoallergenic emulsion-type thickener. As a result, KCI has become the second company in the world to produce emulsion-type thickener. Emulsion-type thickener is a multifunctional composite material with all three functions: a thickener that enhances the viscosity of cosmetics, a softener that makes skin smooth, and an emulsifier that mixes the water layer (water component) and the oil layer (oil component). Emulsion-type thickeners are easy to use and maintain viscosity in a broad acidity (pH) range. In addition, it can be applied to products made at low temperatures due to its excellent solubility, so it is used throughout cosmetics such as skincare, hair care, and personal care products. Thanks to its various advantages, demand from the personal care industry, including cosmetics, is high, but production is complex, so French companies have been exclusively supplying it.   KCI started developing Emulsion-type thickeners in 2015 and developed the first-generation product in a year, but it did not secure much market share due to its low-cost competitiveness and lack of product portfolio. Accordingly, KCI started developing second-generation products in 2017 to secure production stability and improve quality and completed the development of nine second-generation product portfolios last year. Second-generation products are characterized by a variety of differentiated product lineups along with high quality.   KCI’s emulsion-type thickener portfolio consists of products for high viscosity cosmetics such as elastic cream and moisture cream, products for manufacturing nutritional cream and essence, products specializing in sunscreen and mask packs, and products using natural ingredients to target the European market. Products using natural-derived raw materials are considered secret keys to target the European market. KCI’s emulsion-type thickener sales had more than tripled from 19.5 tons in 2017, at its early stages of commercialization, to 110 tons this year. KCI plans to target the Asian market first and secure a global market share of around 10% by 2025 by targeting Europe and the Americas, where competitors dominated.

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