Home » Business » Samyang Chairman Kim Sang-ha passed away… ‘Financial Deokjang’ was warm like’Southern Hill’

Samyang Chairman Kim Sang-ha passed away… ‘Financial Deokjang’ was warm like’Southern Hill’

Input 2021.01.20 18:28 | Revision 2021.01.20 20:15

Sang-ha Kim, honorary chairman of Samyang Group, passed away on the 20th… 95 years old
Chairman of the Korea Awards During his tenure as president of the Basketball Association, he led the Korean basketball revival.

The late Sangha Kim, Honorary Chairman of Samyang Group./Provided by Samyang Group

The late Samyang Group honorary chairman Kim Sang-ha, who passed away on the 20th, is known as a pioneer in the Korean sugar industry and the chemical fiber industry.

Born in 1926 as the fifth son of Samyang Group’s founder, Kim Yeon-soo, the deceased, who joined Samyang in 1949, is credited with forming the present Samyang Group with honorary chairman Kim Sang-hong.

In the 1950s and 1960s, the deceased promoted the introduction of technology for the sugar and chemical fiber business of Samyang Corporation and led the construction sites of the Ulsan sugar plant and Jeonju polyester plant. While serving as Samyang’s president and chairman, he expanded Samyang’s business portfolio into food and chemical materials by entering the terephthalic acid (TPA), engineering plastics, starch and starch sugar business, which is a raw material for polyester fiber. Currently, Samyang’s chemical materials business has grown into a flagship business representing the group.

After taking office as the chairman of Samyang Group in 1996, he devoted himself to discovering Samyang’s future growth engines, including packaging and pharmaceutical biotechnology. The deceased emphasized on-site management. The deceased, who emphasized that the basis of the manufacturing industry is’producing quality products and supplying them in a timely manner’, went to the factory once a month to inspect the production site.

The deceased’s arc is Namgo. The deceased, who pursued a life like a’warm south hill’, denied the reduction of personnel by saying to executives who were pursuing restructuring during the financial crisis that the corporate environment had temporarily deteriorated, and that employees could not be dismissed. At the time, the deceased said, “My responsibility is the biggest in the company,” and “I reflect on it three times a day.”

The deceased, who thought nurturing human resources was essential for industrial security, took office in 2010 as the chairman of the Yangyoung Foundation, the Sudang Foundation, and the Haseo Academic Foundation. In a memoir published in 2015, “The Silent Path,” the deceased said in a memoir published in 2015, “A business is realizing an industrial preservation through manufacturing. To achieve that goal, we must strive to develop technology and nurture talent. Otherwise, the permanence of the company will of course be at risk. If you don’t, it will have a negative impact on the national economy,” he said. “This was my father’s view of business and it was my creed.”

In addition, the deceased led various organizations such as the President of the Korea Chamber of Commerce and Industry, the President of the Korea Basketball Association, the second co-chair of the National People’s Promotion Committee, the President of the Korea-Japan Economic Association, and the President of the Environmental Preservation Association, contributing to the development of Korea’s economy, sports, environment and culture. After taking office as president of the Korea Chamber of Commerce in 1988, he served 12 years and remained as the longest president. The president of the Korea Basketball Association, who first took over in 1985, also served for 12 years. During this time, Korean basketball was in a booming period, such as the launch of basketball hoops and professional basketball. In recognition of such contributions, he received the Bronze Tower Order of Industrial Service Merit (1975) and the National Merit Medal of Mugunghwa (2003).

The deceased’s family members include his wife Park Sang-rye, his son Kim Won, vice chairman of Samyangsa, and Kim Jeong, vice chairman of Samyang Packaging. Vinso is the 20th funeral hall of Asan Hospital in Seoul, and the origin is 8:20 am on the 22nd.

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