Samyang Food

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Samyang Foods
삼양식품
Industry Food Industry
Headquarters Seoul, South Korea
Area served
Worldwide
Revenue Increase 205 billion
US$ 188 million
Number of employees
1,511
Website www.samyangfood.co.kr Edit this on Wikidata
Samyang Food
Hangul 삼양식품
Hanja 三養食品
Revised Romanization Samyang Shigbum
McCune–Reischauer Samyang Shikpum

Samyang Food Industrial Co., Ltd KRX: 003230 is a South Korean food manufacturer. The company was established on September 15, 1961 in South Korea. Its products are sold around the world.

History[edit]

Samyang Food was founded in September 15, 1961 by Jeon Jung Yoon. In 1963, Samyang Food developed the first Korean instant noodle. Before the development of instant noodles, rice and grains were Koreans’ only stock. The society was always short of stock, but the development instant noodles helped solve Korea’s food shortage issue.

In the early 1970s, Korea’s economy grew greatly. The stock market also grew rapidly, so Koreans were freed from starvation and started to work on national dietary improvement. Samyang Food developed a forest of 20 km2 in the highlands of Daegwallyeong, formed a grassland, and started livestock farming.

In the 1980s, Samyang Food started to make other food products such as snacks, dairy products, and sauces. The demand for instant noodles in Korea increased, and the exports to Japan and the United States greatly increased. In 1989, the “industrial oil issue” occurred. The fact that the company used industrial beef fat to fry the noodles was exposed to the public. By the industrial oil issue, the image of the company was greatly damaged, and Samyang Food was relegated to second place in the instant noodle market.

In 2010, the chairman of the company changed from Jeon Jung Yoon to his son, Jeon In Jang. The company is now placed third to fourth in the instant noodle market of Korea, which is a huge drop compared to when the company was founded. However, Samyang Food started exporting their products, which brought a huge profit for the company. Recently, the company took over several restaurant chains and is working in the food service industry.

Chronology[edit]

  • September 1961: First established the Samyang Dairy Corporation
  • October 1961: Changed the name to Samyang Industrial Co., Ltd
  • September 1963: Produced Korea's first instant noodle

To fight against hunger in poor Koreans, by founder and entrepreuneur Cheon Joongyoon.

  • October 1965: Changed to Samyang Food Industrial Co., Ltd
  • November 1967: Moved to Dobong Plant from Wolgok Plant
  • January 1969: Established Samyang Dairy Products
  • November 1973: Started construction of Daegwallyeong grassland
  • January 1978: Established Samyang Oil Industry
  • October 1978: Opening of the Samyang Medical Corporation
  • November 1989: Industrial oil issue occurs
  • June 1990: Changed the name to Samyang Food Industrial Co., Ltd

Products[edit]

Affiliates of Samyang (Samyang family)[edit]

Samyang Ranch[1][edit]

site of Samyang Ranch

Samyang Ranch is located at Daegwallyeong-myeon area of Pyeongchang-gun, Gangwon-do of Korea. It is about 19.83 km2, which is the largest pasture in eastern area. It raises 800 beef cattle and dairy cows in the open highlands of 850-1,140 m above sea level. Healthy cows raised from pasture are used as raw materials for Samyang Foods products. Also, it has become a tourist attraction and is getting a lot of interest for drama, CF shooting location, etc. because of its beauty. Samyang Ranch is developing various tourism resources such as a gondola, accommodation, and mountain range trekking in preparation for the 2018 Pyeongchang Winter Olympics.

Ho Myeon Dang[edit]

Ho Myeon Dang[2] is a company that re-evaluates various noodles all over the world to Korean’s taste. It includes Ho myeon dang (Premium Noodle House), Gourmet Ho myeon dang(Gourmet Noodles and Comfort Food), Ho myeon&Ban (Oriental Noodle Shop), and Lamen's (We Know Korean Flavor).

Ho myeon dang (Premium Noodle House)[edit]

It started with its first store in Cheongdam-dong (Korea) with a menu concept oriented from fresh ingredients and naturalism. Another chain is at Kintex (Korea).

Gourmet Ho myeon dang (Gourmet Noodles and Comfort Food)[edit]

Gourmet Ho Myeon Dang is a contemporary casual dining restaurant with a unique international perspective of combining various ingredients from the West and East along with healthy recipes. A store is at Hyundai Apgujeong department store (Korea).

Ho myeon and Ban (Oriental Noodle Shop)[edit]

Ho Myeon and Ban refers to a place where noodles and rice lovers get together. It has a motto of “naturalism” and is oriented toward healthy ingredients by using olive green. It has a chain at Ban MIA and Busan (Korea).

Lamen;s (We Know Korean Flavor)[edit]

Lamen's is a new concept food service brand that gave cooking and health to ramen which is representative fast food. Stores are at Lotte World Mall, and Garosu-gil Road(Korea).

Samyang Sae A-chim[edit]

Samyang Sae A-chim[3] has specialized and produced frozen foods such as dumplings, grilled short rib patties, and cutlets for 40 years. Samyang Sae A-chim is currently producing more than 200 items.

It is located in Sejong city, yeonso-myeon of Korea and has a 40,355㎡ (12,300 pyeong) for factory site. Factory is about 135,366㎡ (4,600 pyeong) large, possessing largest domestic production line which is straight type production structure.

Samyang Jeju Milk[4][edit]

Samyang Jeju Milk was founded in December 1985, and located in Mt. Hanlla; they raise cows without antibiotics, use nonchemical fertilizer and non-GMO feed on 5300000 km2 of organic grassland, and produce premium milk products.

See also[edit]

References[edit]

  1. ^ "삼양목장 | 삼양패밀리 | 삼양식품". www.samyangfood.co.kr (in Korean). Retrieved 2017-11-30.
  2. ^ "삼양목장 | 삼양패밀리 | 삼양식품". www.samyangfood.co.kr (in Korean). Retrieved 2017-11-30.
  3. ^ "삼양새아침 | 삼양패밀리 | 삼양식품". www.samyangfood.co.kr (in Korean). Retrieved 2017-11-30.
  4. ^ "삼양제주우유 | 삼양패밀리 | 삼양식품". www.samyangfood.co.kr (in Korean). Retrieved 2017-11-30.
  1. https://www.samyangfood.co.kr/kor/brand/spicyRamen.do
  2. http://www.etnews.com/20171027000329
  3. http://news.mk.co.kr/newsRead.php?&year=2017&no=88786
  4. http://www.sportsseoul.com/news/read/514659
  5. http://news.mk.co.kr/newsRead.php?&year=2017&no=107740