Daesang Corporation (001685)

Overview

Daesang Corporation is a prominent food manufacturer that stretches its influence both within South Korea and on the international stage. Founded in 1956 and headquartered in Seoul, South Korea, the corporation has extended its operations through a number of subsidiaries, becoming a significant player in the food production industry. The company is widely noted for its diversification into various food products and ingredients, each tailored to meet the dynamic needs of its global customer base. Daesang’s strategic commitment to quality and innovation has enabled it to export products to approximately 80 countries worldwide, underlining its position as a global food industry leader.

Products and Services

Daesang Corporation’s portfolio encompasses a wide range of products and services, divided into various categories to cater to different market segments:

• General Food Products: This category includes essential Korean ingredients like bean pastes and an array of seasonings. These products are staples in Korean cuisine and are pivotal for anyone looking to explore or recreate traditional Korean dishes.
• Agro-Fishery Foods: Specialty items such as vinegar and fish sauce fall under this category, offering essential ingredients for various culinary applications, thereby enriching flavors and enhancing the taste profiles of dishes.
• Fresh Food Products: Offering freshness and quality, this segment includes Kimchi and tofu among others. Kimchi represents the heart of Korean culinary tradition, while tofu serves as a versatile ingredient in numerous dishes. Moreover, the range extends to western food, deli, and frozen food, underscoring the company's broad product base.
• Food Ingredients: Daesang produces vital ingredients like starch and sweeteners used across different industries including food, paper, textile, and construction for starch; and alcohol beverages, confectionery, baking, and beverage industries for sweeteners. These ingredients are crucial for various manufacturing processes and product formulations.
• Bio Ingredients: This innovative segment includes flavor enhancers, amino acids, and microalgae-based products. Targeted at food, dietary supplements, functional foods, animal nutrition, pet food, and pharmaceutical industries, these ingredients aim to improve health and nutritional outcomes.
• Food Distribution: Beyond production, Daesang engages in the distribution of food products, acting as a bridge between the producers and the market. This service ensures the widespread availability of its diverse food products, significantly contributing to the company's reach and operational scale.