- Business
- Samyang Holdings Corporation serves as the holding company for the Samyang Group, overseeing diversified operations in chemicals, food, biopharmaceuticals, packaging, and other sectors primarily in South Korea, China, Japan, other Asian countries, Europe, and internationally. Founded in 1924 and headquartered in Seoul, South Korea, the company operates through three main segments: Chemicals, Food, and Others; its core chemical offerings include engineering plastics, ion exchange resins, bisphenol A (BPA) chemicals, personal care materials, eco-friendly materials, semiconductor materials, polycarbonate resin, polybutylene terephthalate, high-purity terephthalic acid, and related products; food products encompass sugar, starch sugar, flour, sweeteners, wheat, processed foods, processed oils and fats, water-soluble dietary fibers, and health and wellness items alongside ServeQ-branded food service distribution; biopharmaceuticals feature medical devices, anticancer drugs, drug delivery systems for gene therapeutics, and oncology products exported to over 25 countries; packaging involves PET bottles, recycled PET chips, and aseptic filling; additional offerings comprise cosmetics under ABOUT ME and MediAnswer brands, raw materials for household goods, IT services including ERP, CRM, and BI solutions for public, finance, and manufacturing sectors, plus research, trading, and leasing activities. In recent developments, Samyang Holdings acquired U.S.-based Verdant Specialty Solutions for $250 million from OpenGate Capital in early 2024 to bolster its personal care and specialty chemicals portfolio under the Vision 2025 growth strategy targeting KRW6 trillion in annual revenue, enhancing synergies with subsidiary KCI in cationic surfactants and expanding global market share in biodegradable and functional ingredients; the company also pursues further diversification, including potential acquisitions in Japan's semiconductor supply chain as announced in mid-2025, while advancing high-value materials in health, wellness, semiconductors, and eco-friendly sectors.