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Samyang company history timeline

1924

In 1924, he launched Samyang Corporation, thus setting a great milestone in the recent-modern business history of Korea.

1924 OctSamsu Company established

1945

Withdrew from Manchuria in 1945, when Korea achieved independence

1955

1955 AprFood Business begun (with completion of Ulsan sugar refining plant)

1956

1956 'Samyang Sugar' launched

1961

In 1961, he served as the first chairman of the Korean Economic Council.

1968

In 1968, he established Sudang Foundation to provide scholarships and financial support for research endeavors in a bid to positively foster talents.

1969

1969 DecBuilt the Jeonju Polyester plant

1975

In 1975, he served as honorary chairman of Samyang.

1994

1994 Samyang Millmax Asan Plant (wheat flour) completed

1995

Starch sweetener business begun throughacquisiton of Sunil Glucose(renamed as Samyang Genex in 1995)

1998

1998 Samyang Genex (starch & starch sweetener) ISO 9001 & ISO 14001 verified

2000

2000 NovSpun off polyester fiber business to establish Huvis Corporation

2001

2001 AugSamyang Genex Ulsan plant wins BGMP certification (glucose anhydrous)

2002

2002 MayEstablished Samyang Research Corp. in United States JanDeveloped Q.one family food brand

2002 Launched food family brand Q.one

2003

The new Samyang headquarters, in Yeonji-dong, Seoul, renovated in 2003.

2003 Samyang Corporation Ulsan Plant (sugar)HACCP appointed

Established Korea’s first private scholarship foundation Yang Young Foundation(renamed Yang Young Foundation in 2003)

2004

Wheat flour business begun throughacquisition of Shinhan Flour(renamed as Samyang Millmax in 2004)

2004 Samyang Millmax Asan premixes plantground-breaking ceremony Samyang Wellfood founded

2006

09Genexol-PM injection was selected as 2006 supported overseas technology transfer business by KHIDI

2014

2014 Samyang Genex Ulsan Plant (starch & starch sweeteners) HACCP appointed Samyang Corporation, Samyang Milmax,and Samyang Wellfood merger

JulEstablished Samyang F&D(Food&Dining) (Acquired Seven Springs and renamed the company as Samyang F&B 2014)

2017

2017 Launched premium sweetener brand 'TRUSWEET' Completed functional sugar blend plant Allulose approved by FDA as GenerallyRecognized as Safe (GRAS)

2022

GS Inima desalination plant wins award at Global Water Awards 2022

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Founded
1924
Company founded
Headquarters
New York, NY
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