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Sajo Daerim

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Namestring
Sajo Daerim
Legal namestring
주식회사 사조대림
Websiteurl
dr.sajo.co.kr
Company typeenum
Public
Founded yearint
1945
Descriptiontext

Sajo Daerim (사조대림), listed on the Korea Exchange (KRX:14710; legal entity 주식회사 사조대림), is a Seoul-headquartered Korean food conglomerate and the principal operating company of Sajo Group (사조그룹), with corporate origins in 1945 as Seodaeyang Corporation. It is organized across five business segments — Fisheries (수산), Food Manufacturing (식품), Manufacturing & Distribution (제조유통), Soybean (대두), and Export (수출) — and operates more than 18 wholly-owned subsidiaries spanning seafood processing, oils/sauces manufacturing, food logistics, retail e-commerce, and pet food. Its core products are surimi and fish cake under the Daerim Sun (대림선) brand, cooking oils, soy sauce, and seasonings under the Haepyo (해표) brand, canned tuna under Ohyang (오양) and Rohai (로하이), and processed meats including ham and sausages; the portfolio also includes frozen foods, premium gimbap sets, seaweed products (Sajo Iksan), and pet food (Sajo Pet).

The company manufactures at five factories — Busan, Ansan, Incheon, Chilseo (with HACCP monitoring), and Yeongcheon — and distributes through six logistics/warehouse facilities (Pyeongtaek, Chilseo, Incheon, Gwangju, Gangneung, Ansan), feeding a multi-channel go-to-market that combines direct-to-consumer e-commerce (sajomall.co.kr, Sajo Ssam Mall, Naver Smart Store, E-wangmart), third-party retail and convenience-store chains, and B2B food-service supply. Revenue mechanics are driven by unit-volume sales of branded, packaged food staples to Korean households and food-service operators, with pricing actions — including a March 2026 cooking-oil price reduction aligned with the Ministry of Agriculture, Food and Rural Affairs' price-stabilization agenda — exposing the company to government and commodity-input pricing dynamics.

Financially, consolidated revenue grew from roughly KRW 1.59 trillion in 2023 to KRW 1.79 trillion in 2024 and KRW 2.42 trillion in 2025, while operating income compressed from KRW 107 billion to KRW 65 billion over the same period and net income turned to a KRW -54 billion loss in 2025. The trajectory reflects meaningful scale gains alongside margin compression, with the company's recognized standing among Korea's major food players (alongside CJ CheilJedang, Otoki, Daesang, Dongwon F&B, and Lotte Wellfood) and its multi-brand, multi-category portfolio remaining the central commercial assets.

Short descriptiontext

Sajo Daerim is a publicly listed Korean food conglomerate producing surimi, fish cake, cooking oils, sauces, processed meats, canned tuna, and pet food under brands such as Daerim Sun, Haepyo, Rohai, and Ohyang, serving Korean retail consumers and food-service operators through nationwide factories, logistics centers, and D2C e-commerce.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersSeocho, South Korea
HQ citystring
Seocho
HQ countrystring
South Korea
HQ regionstring
Asia
Markets served

Serves global market

Offices9 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
processed seafood products, cooking oils and sauces, fish cake surimi, processed meat products, soy products
Industry4 codes
1Surimi & Minced Fish Products (Imitation Crab, Fish Paste)
CodeAFANADAGPrimaryYes
2Chilled/Refrigerated Prepared Meat & Seafood Meals
CodeAFANAFADPrimaryNo
3Specialty & Tropical Oils Processing (Avocado, Sesame, Peanut, Rice Bran, Grapeseed)
CodeAFAKAEAEPrimaryNo
4Pesto, Cooking Pastes & Concentrated Flavor Bases Manufacturing
CodeAFAKADANPrimaryNo
NAICS code4 codes
  • Seafood Product Preparation and Packaging31171
  • Food Manufacturing311
  • Seafood Product Preparation and Packaging311710
  • Frozen Specialty Food Manufacturing311412
SIC code2 codes
  • Prepared Fresh Or Frozen Fish & Seafoods2092
  • Food And Kindred Products2000
Product category
Processed Seafood and Packaged Foods
Marketing channels7 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels5 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure
GTM typeB2C
B2C
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 4 records shown
1대림선
Description

Brand offering processed seafood products including fish cake, ham, and sausages.

dr.sajo.co.kr
+3 more records
Core offering1 text field

Sajo Daerim manufactures and distributes processed food products across three core business areas: aquatic/seafood products (including surimi and fish cake), food manufacturing (cooking oils, soy sauces, processed meats, ham and sausages), and food logistics/distribution. The company sells under consumer brands including Daerim Sun (대림선), Haepyo (해표), Rohai (로하이), and Oyang (오양), and operates an e-commerce platform (sajomall.co.kr) for direct consumer sales alongside retail and food-service distribution.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Sajo Daerim (사조대림) is a Korean food company organized into three main business segments: aquatic/seafood products (수산사업), food manufacturing (식품사업), and manufacturing/distribution (제조유통사업), along with soybean business (대두사업) and export business (수출사업). The company operates several consumer brands including 대림선 (Daerim Sun) for processed seafood and fish cakes, 해표 (Haepyo) for cooking oils and sauces, 로하이, and 오양. Their product portfolio includes canned tuna products (사조 짜장참치, 사조 찌개전용참치, 사조 살코기참치), luncheon meats (사조 런천미트), frozen foods, and recently expanded into pet food (사조펫). Products are sold through their official e-commerce platform 사조몰.

Product and service6 records
1Daerim Sun (대림선)
CategoryProcessed Seafood
Description

A primary brand under Sajo Daerim offering processed seafood and fish cake (어묵) products including Busan Fish Cake (부산어묵) and various ham and sausage products for retail consumers.

2Haepyo (해표)
CategoryCooking Oils and Sauces
Description

A major brand offering cooking oils, sauces, and seasonings including soybean oil, crispy cooking oil, braised soy sauce, brewed soy sauce, roasted sesame, sesame oil, and chili oil.

3Oyang (오양)
CategoryCanned Seafood and Meat
Description

A brand under Sajo Daerim offering tuna and seafood canned products, including Sajo Jjajang Tuna, Sajo Stew Tuna (찜개전용참치), Sajo Lean Tuna, and Sajo Luncheon Meat (런천미트).

4Rohai (로하이)
CategoryFood Products Brand
Description

A brand listed under Sajo Daerim's product portfolio.

5Sajo Pet (사조펫)
CategoryPet Food
Description

Pet food products under the Sajo Pet brand, marketed to Korean pet owners through the company's e-commerce channels.

6Sajo Mall (사조몰)
CategoryE-commerce Platform
Description

Official e-commerce platform at sajomall.co.kr for direct-to-consumer sales of Sajo Daerim's full product portfolio.

Scale indicator1 record

Each record includes

Type, Value, Description, Source

Recent move9 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeRegional player
Description

Korean food and beverage company focused on dairy products, snacks, and processed foods. Comparable in the Korean CPG market, particularly in processed foods and branded packaged goods distributed through the same retail and convenience store channels as Sajo Daerim.

TypeDirect peer
Description

Korean food manufacturer specializing in tofu, noodles, organic foods, and plant-based protein. Comparable to Sajo Daerim in soy-based products and processed foods, and operates a similar multi-brand, multi-channel distribution model in Korea.

TypeDirect peer
Description

Korea's largest food company with overlapping categories in sauces, oils, and processed foods. Sajo Daerim is explicitly grouped with CJ CheilJedang in government price-stabilization meetings, confirming direct competitive overlap in branded cooking oils, soy sauce, and processed seafood.

TypeDirect peer
Description

Major Korean food manufacturer best known for Jongga kimchi and cooking oils/seasonings under the Chung Jung One brand. Directly competes with Sajo Daerim's Haepyo cooking oil and condiment portfolio and was named alongside the company in government price-stabilization discussions.

5Orion Group
TypeBroad incumbent
Description

Korean confectionery and food company (Choco Pie, snacks) with established global distribution. Comparable as a publicly listed Korean branded packaged food company with multi-category portfolio and similar exposure to consumer pricing and regulatory dynamics.

TypeDirect peer
Description

Korea's leading canned tuna and seafood brand (Dongwon) and a major processed food company. Closest direct competitor to Sajo Daerim in canned tuna (Sajo Jjajang/Stew/Lean Tuna vs Dongwon) and surimi-based products, and likewise identified as a major peer in the Ministry of Agriculture summons.

TypeBroad incumbent
Description

Korean food company known for Buldak ramen and processed noodles, with growing international presence. Comparable in scale of Korean CPG brand building and export-driven growth strategy relevant to Sajo Daerim's export business segment.

TypeBroad incumbent
Description

Korean confectionery and food manufacturer (Lotte Choco Pie, Pepero, ice cream) under the broader Lotte Group. Larger incumbent with overlapping processed food and distribution presence in Korean retail; also named in the Ministry of Agriculture price-stabilization discussions.

TypeDirect peer
Description

Korean food company known for instant noodles (Chapagetti, Neoguri) and processed foods. Competes with Sajo Daerim in the broader Korean processed food market and was named alongside the company in the government food price-stabilization meetings.

TypeDirect peer
Description

Korea's largest instant noodle and snack manufacturer with diversified food portfolio including frozen and processed foods. Comparable in scale and Korean food-market dominance, with overlapping processed food distribution channels and similar government regulatory exposure.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries19 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Sajo Daerim

Processed Seafood and Packaged Foodsdr.sajo.co.kr

Sajo Daerim is a publicly listed Korean food conglomerate producing surimi, fish cake, cooking oils, sauces, processed meats, canned tuna, and pet food under brands such as Daerim Sun, Haepyo, Rohai, and Ohyang, serving Korean retail consumers and food-service operators through nationwide factories, logistics centers, and D2C e-commerce.

What Sajo Daerim does

Sajo Daerim (사조대림), listed on the Korea Exchange (KRX:14710; legal entity 주식회사 사조대림), is a Seoul-headquartered Korean food conglomerate and the principal operating company of Sajo Group (사조그룹), with corporate origins in 1945 as Seodaeyang Corporation. It is organized across five business segments — Fisheries (수산), Food Manufacturing (식품), Manufacturing & Distribution (제조유통), Soybean (대두), and Export (수출) — and operates more than 18 wholly-owned subsidiaries spanning seafood processing, oils/sauces manufacturing, food logistics, retail e-commerce, and pet food. Its core products are surimi and fish cake under the Daerim Sun (대림선) brand, cooking oils, soy sauce, and seasonings under the Haepyo (해표) brand, canned tuna under Ohyang (오양) and Rohai (로하이), and processed meats including ham and sausages; the portfolio also includes frozen foods, premium gimbap sets, seaweed products (Sajo Iksan), and pet food (Sajo Pet).

The company manufactures at five factories — Busan, Ansan, Incheon, Chilseo (with HACCP monitoring), and Yeongcheon — and distributes through six logistics/warehouse facilities (Pyeongtaek, Chilseo, Incheon, Gwangju, Gangneung, Ansan), feeding a multi-channel go-to-market that combines direct-to-consumer e-commerce (sajomall.co.kr, Sajo Ssam Mall, Naver Smart Store, E-wangmart), third-party retail and convenience-store chains, and B2B food-service supply. Revenue mechanics are driven by unit-volume sales of branded, packaged food staples to Korean households and food-service operators, with pricing actions — including a March 2026 cooking-oil price reduction aligned with the Ministry of Agriculture, Food and Rural Affairs' price-stabilization agenda — exposing the company to government and commodity-input pricing dynamics.

Financially, consolidated revenue grew from roughly KRW 1.59 trillion in 2023 to KRW 1.79 trillion in 2024 and KRW 2.42 trillion in 2025, while operating income compressed from KRW 107 billion to KRW 65 billion over the same period and net income turned to a KRW -54 billion loss in 2025. The trajectory reflects meaningful scale gains alongside margin compression, with the company's recognized standing among Korea's major food players (alongside CJ CheilJedang, Otoki, Daesang, Dongwon F&B, and Lotte Wellfood) and its multi-brand, multi-category portfolio remaining the central commercial assets.

Sajo Daerim firmographics

Firmographics
Name
Sajo Daerim
Legal name
주식회사 사조대림
Website
https://dr.sajo.co.kr
Company type
Public
Founded year
1945
Operating status
Operating
Headcount range
5,001–10,000 employees
Short description
Sajo Daerim is a publicly listed Korean food conglomerate producing surimi, fish cake, cooking oils, sauces, processed meats, canned tuna, and pet food under brands such as Daerim Sun, Haepyo, Rohai, and Ohyang, serving Korean retail consumers and food-service operators through nationwide factories, logistics centers, and D2C e-commerce.
Ownership category
akta.pro rank

Sajo Daerim industry classification

Industry
Product category
Processed Seafood and Packaged Foods
NAICS
Seafood Product Preparation and Packaging (31171), Food Manufacturing (311), Seafood Product Preparation and Packaging (311710), Frozen Specialty Food Manufacturing (311412)
SIC
Prepared Fresh Or Frozen Fish & Seafoods (2092), Food And Kindred Products (2000)
akta.pro primary industry
Surimi & Minced Fish Products (Imitation Crab, Fish Paste) (AFANADAG)
akta.pro secondary industries
Chilled/Refrigerated Prepared Meat & Seafood Meals (AFANAFAD), Specialty & Tropical Oils Processing (Avocado, Sesame, Peanut, Rice Bran, Grapeseed) (AFAKAEAE), Pesto, Cooking Pastes & Concentrated Flavor Bases Manufacturing (AFAKADAN)

Keywords

  • Processed seafood products
  • Cooking oils and sauces
  • Fish cake surimi
  • Processed meat products
  • Soy products

Where Sajo Daerim is headquartered

Location

Headquarters

HQ city
Seocho
HQ country
South Korea
HQ region
Asia

Offices9 records

Markets served

Sajo Daerim business model

Business model
GTM type
B2C
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Distribution channels5 records

Marketing channels7 records

Sajo Daerim product offering

Product offering

Core offering

Sajo Daerim manufactures and distributes processed food products across three core business areas: aquatic/seafood products (including surimi and fish cake), food manufacturing (cooking oils, soy sauces, processed meats, ham and sausages), and food logistics/distribution. The company sells under consumer brands including Daerim Sun (대림선), Haepyo (해표), Rohai (로하이), and Oyang (오양), and operates an e-commerce platform (sajomall.co.kr) for direct consumer sales alongside retail and food-service distribution.

Product overview

Sajo Daerim (사조대림) is a Korean food company organized into three main business segments: aquatic/seafood products (수산사업), food manufacturing (식품사업), and manufacturing/distribution (제조유통사업), along with soybean business (대두사업) and export business (수출사업). The company operates several consumer brands including 대림선 (Daerim Sun) for processed seafood and fish cakes, 해표 (Haepyo) for cooking oils and sauces, 로하이, and 오양. Their product portfolio includes canned tuna products (사조 짜장참치, 사조 찌개전용참치, 사조 살코기참치), luncheon meats (사조 런천미트), frozen foods, and recently expanded into pet food (사조펫). Products are sold through their official e-commerce platform 사조몰.

Differentiator

Problem solved

Functional benefit

Brands

  • 대림선: Brand offering processed seafood products including fish cake, ham, and sausages.
  • 해표
  • 로하이
  • 오양

Products and services

  • Daerim Sun (대림선) A primary brand under Sajo Daerim offering processed seafood and fish cake (어묵) products including Busan Fish Cake (부산어묵) and various ham and sausage products for retail consumers.
  • Haepyo (해표) A major brand offering cooking oils, sauces, and seasonings including soybean oil, crispy cooking oil, braised soy sauce, brewed soy sauce, roasted sesame, sesame oil, and chili oil.
  • Oyang (오양) A brand under Sajo Daerim offering tuna and seafood canned products, including Sajo Jjajang Tuna, Sajo Stew Tuna (찜개전용참치), Sajo Lean Tuna, and Sajo Luncheon Meat (런천미트).
  • Rohai (로하이) A brand listed under Sajo Daerim's product portfolio.
  • Sajo Pet (사조펫) Pet food products under the Sajo Pet brand, marketed to Korean pet owners through the company's e-commerce channels.
  • Sajo Mall (사조몰) Official e-commerce platform at sajomall.co.kr for direct-to-consumer sales of Sajo Daerim's full product portfolio.

Companies that use Sajo Daerim

Customer profile

Segments2 records

Ideal customer profiles2 records

Sajo Daerim technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Sajo Daerim partnerships and signals

Strategic signal

Scale indicators1 record

Recent moves9 records

Expansion highlights6 records

Sajo Daerim competitors and assessment

Company assessment

Regional players

  • Binggrae: Korean food and beverage company focused on dairy products, snacks, and processed foods. Comparable in the Korean CPG market, particularly in processed foods and branded packaged goods distributed through the same retail and convenience store channels as Sajo Daerim.

Direct peers

  • Pulmuone: Korean food manufacturer specializing in tofu, noodles, organic foods, and plant-based protein. Comparable to Sajo Daerim in soy-based products and processed foods, and operates a similar multi-brand, multi-channel distribution model in Korea.
  • CJ CheilJedang: Korea's largest food company with overlapping categories in sauces, oils, and processed foods. Sajo Daerim is explicitly grouped with CJ CheilJedang in government price-stabilization meetings, confirming direct competitive overlap in branded cooking oils, soy sauce, and processed seafood.
  • Daesang: Major Korean food manufacturer best known for Jongga kimchi and cooking oils/seasonings under the Chung Jung One brand. Directly competes with Sajo Daerim's Haepyo cooking oil and condiment portfolio and was named alongside the company in government price-stabilization discussions.
  • Dongwon F&B: Korea's leading canned tuna and seafood brand (Dongwon) and a major processed food company. Closest direct competitor to Sajo Daerim in canned tuna (Sajo Jjajang/Stew/Lean Tuna vs Dongwon) and surimi-based products, and likewise identified as a major peer in the Ministry of Agriculture summons.
  • Otoki: Korean food company known for instant noodles (Chapagetti, Neoguri) and processed foods. Competes with Sajo Daerim in the broader Korean processed food market and was named alongside the company in the government food price-stabilization meetings.
  • Nongshim: Korea's largest instant noodle and snack manufacturer with diversified food portfolio including frozen and processed foods. Comparable in scale and Korean food-market dominance, with overlapping processed food distribution channels and similar government regulatory exposure.

Broad incumbents

  • Orion Group: Korean confectionery and food company (Choco Pie, snacks) with established global distribution. Comparable as a publicly listed Korean branded packaged food company with multi-category portfolio and similar exposure to consumer pricing and regulatory dynamics.
  • Samyang Foods: Korean food company known for Buldak ramen and processed noodles, with growing international presence. Comparable in scale of Korean CPG brand building and export-driven growth strategy relevant to Sajo Daerim's export business segment.
  • Lotte Wellfood: Korean confectionery and food manufacturer (Lotte Choco Pie, Pepero, ice cream) under the broader Lotte Group. Larger incumbent with overlapping processed food and distribution presence in Korean retail; also named in the Ministry of Agriculture price-stabilization discussions.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Sajo Daerim social profiles

Digital presence

Sajo Daerim financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Sajo Daerim leadership team

Management profile

Number of profiles

Profiles3 records

Sajo Daerim subsidiaries and ownership

Company hierarchy

Subsidiaries19 records

Sajo Daerim funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Sajo Daerim M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sajo Daerim

What does Sajo Daerim do?

Sajo Daerim manufactures and distributes processed food products across three core business areas: aquatic/seafood products (including surimi and fish cake), food manufacturing (cooking oils, soy sauces, processed meats, ham and sausages), and food logistics/distribution. The company sells under consumer brands including Daerim Sun (대림선), Haepyo (해표), Rohai (로하이), and Oyang (오양), and operates an e-commerce platform (sajomall.co.kr) for direct consumer sales alongside retail and food-service distribution.

Is Sajo Daerim a public or private company?

Sajo Daerim is a public company. It is classified as public and is currently operating.

When was Sajo Daerim founded?

Sajo Daerim was founded in 1945. It employs 5,001 to 10,000 people.

Where is Sajo Daerim based?

Sajo Daerim is headquartered in Seocho, South Korea, in the Asia region.

Who are Sajo Daerim's main competitors?

Binggrae is listed as a regional player. Direct peers are Pulmuone, CJ CheilJedang, Daesang, Dongwon F&B, Otoki and Nongshim. Broad incumbents are Orion Group, Samyang Foods and Lotte Wellfood.

Does Sajo Daerim have an API?

No public API is recorded for Sajo Daerim.

What industry is Sajo Daerim in?

Sajo Daerim's product category is Processed Seafood and Packaged Foods. Its primary akta.pro industry code is AFANADAG, Surimi & Minced Fish Products (Imitation Crab, Fish Paste), with a secondary code of AFANAFAD, Chilled/Refrigerated Prepared Meat & Seafood Meals. Its NAICS code is 31171 and its SIC code is 2092.

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Live signals
ChosunbizGovernment Summons Food Firms Amid Election Price PressureSouth Korea's Ministry of Agriculture, Food and Rural Affairs summoned major food companies including CJ CheilJedang, Sajo Daerim, Otoki, Daesang, Dongwon F&B, and Lotte Wellfood for meetings, with additional meetings scheduled with ramen companies Nongshim, Otoki, Samyang, and Paldobook. The government lacks legal authority to mandate price changes but is pressuring companies to reduce food prices ahead of local elections in June, following President Lee Jae Myung's earlier comments questioning ramen prices above 2,000 won. Industry experts warn this political pressure could distort pricing structures and incentivize companies to prioritize government appeasement over operational efficiency and quality improvements.CareerEmployment is achieved, job change is achieved.Sajo Daelim announced its acquisition of Ingredion Korea, the second largest starch company, for 384 billion won on November 12, 2023. This acquisition, set to take place on January 2 of next year, aims to strengthen Sajo Daelim's food business portfolio and enhance synergies with existing operations. Ingredion Korea plays a significant role in the domestic starch market, which is crucial for processed food production.MkSajo Daelim embraces Ingredient KoreaSajo Daelim announced the acquisition of 100% of Ingredient Korea's shares for 384 billion won, with the main contract expected to be signed early next week and the final date set for January 2, 2024. The transaction aims to strengthen Sajo Daelim's food business portfolio and expand synergies, funded through existing cash assets and loans. Ingredient Korea, established in 1998 as the Korean branch of the US-based global firm Ingredient, reported sales of 461.1 billion won but incurred an operating loss last year due to increased royalty payments.DealsiteSajo Daerim acquires Ingredient Korea for 380 billion wonSajo Daerim has acquired Ingredient Korea for 380 billion won, securing the necessary funds through its cash reserves and external borrowing. The company's current debt ratio stands at 80.5%, with analysts interpreting that the acquisition will not significantly intensify the burden of borrowings given its annual cash inflow. This transaction marks a strategic expansion for Sajo Daerim within the ingredient sector.