Samyang Corporation Apologizes for Fair Trade Controversy... All Shareholders' Meeting Agendas Approved

Dividend Set at KRW 1,750 per Share
Expansion of Specialty and Global Businesses

"I sincerely apologize to our shareholders for causing concern due to fair trade issues."

Samyang Corporation held its 15th regular general shareholders' meeting on the 26th at the auditorium on the first floor of the Samyang Group headquarters in Jongno-gu, Seoul. Photo by Samyang Corporation

Kang Hosung, CEO of Samyang Corporation, made this statement at the 15th regular shareholders' meeting held on March 26, 2026, at the Samyang Group headquarters in Jongno-gu, Seoul. The fair trade issue he referred to relates to internal transactions among affiliates, interpreted as being connected to the so-called 'preferential contract' controversy. The industry sees whether favorable contract terms were applied to certain affiliates as the central issue.

At the shareholders' meeting, all six agenda items, including the approval of the 15th financial statements, partial amendments to the articles of incorporation, appointment of directors and audit committee members, appointment of outside directors to serve as audit committee members, and approval of the directors' remuneration limit, were approved as originally proposed.

Samyang Corporation reported sales of KRW 1.8971 trillion and operating profit of KRW 65.7 billion for 2025. Accordingly, the company decided on a cash dividend of KRW 1,750 per common share and KRW 1,800 per preferred share, following the approval of the 15th financial statements and consolidated financial statements.

CEO Kang stated, "We will strengthen compliance management and contribute to establishing a fair market order by implementing a fair trade compliance program, reviewing business practices across all divisions, and conducting a comprehensive review of transaction processes."

He continued, "Last year, to expand our specialty ingredient 'Allulose' globally, we established a subsidiary in the United States and proactively obtained approvals in Australia, China, and other regions. We also achieved results in the development and supply of engineering plastics for IT and smart devices, such as smart glass."

He further emphasized, "By securing new growth engines, we will reinforce our business portfolio focused on global and specialty sectors, and continue sustainable growth based on stable cash flow management and AI transformation."

Meanwhile, at the shareholders' meeting, Lee Unik, Head of Chemical Group 1, was appointed as an inside director, and the company will operate under a sole CEO system.

This content was produced with the assistance of AI translation services.