[김정수호 G리스크]①뒷걸음질 친 배당…삼양식품의 인색한 주주환원

Samyang Foods achieved record profits driven by Buldak's global success, yet maintains a conservative 9.24% dividend payout ratio that contrasts sharply with the government's valuation-up initiative targeting 39% average. This cautious shareholder return strategy may reflect not only reinvestment needs for capacity expansion but also succession planning for the owner's third-generation heir, raising concerns about governance risks and long-term value creation for minority shareholders.