"While we have a glorious history of 102 years, it does not guarantee our future."
Kim Yoon, chairman of Samyang Group, emphasized the need for advancement in global and specialty businesses and innovation based on artificial intelligence (AI) as the company marked its 102nd anniversary. He urged the organization not to rest on its long history but to strengthen its competitive edge to respond to an uncertain business environment.
According to Samyang Group, Kim made these remarks during the anniversary celebration held on October 23, where he reflected on the company's key management achievements this year and stressed the importance of enhancing business competitiveness in response to rapidly changing external conditions.
"Samyang Group has grown further this year by acquiring the Japanese flavor and fragrance company Soda Aromatic and expanding the supply of high-value photoresist materials through Samyang NChem," he said. "We are also implementing changes in our work processes by establishing our own AI platform, SAMI 2.0."
He did not shy away from mentioning the uncertain external business environment. "Geopolitical risks, fluctuations in oil prices, and the K-shaped economic polarization, along with widening AI gaps, are intensifying the need for industries to respond flexibly to changes and secure competitiveness," he assessed.
Kim urged, "Now more than ever, I ask everyone to remember our ongoing emphasis on advancing global and specialty businesses, managing stable cash flows, and pursuing AI-based AX transformation to lead the group's change and innovation."
Meanwhile, to commemorate its 102nd anniversary, Samyang Group held a community service event titled 'Temperature of Sharing, 102 Degrees,' involving employees. The event took place on October 23 at eight locations of the Korean Red Cross in the metropolitan area, with participation from Kim and over 200 employees.
Participants made four types of bread, including products from Samyang's frozen dough brand, Prepan. The group plans to donate over 4,000 pieces of bread, including croffle dough products, to vulnerable communities in the metropolitan area.
A blood donation certificate campaign was also conducted. Since September 4, Samyang Group has collected over 550 blood donation certificates from employees. The donated certificates will be delivered through the Korean Red Cross to patients in need of transfusions and social welfare organizations.
Samyang Group has identified talent development, environmental conservation, and health promotion as its three core values in social contributions and continues to engage in related activities. Last year, during its 101st anniversary, over 200 employees participated in a 'Purpose Walk 10.1' event, walking 10.1 kilometers along the forest trail at Seoul Grand Park.
* This article has been translated by AI.
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