[김정수호 G리스크]③글로벌 기업의 조건…시험대 오른 삼양식품 거버넌스

Samyang Foods' explosive growth through the Buldak brand has made it a market darling, but governance weaknesses—including placing controversial executives in ESG oversight roles and opaque succession processes—now pose material valuation risks. As global institutional investors increasingly treat corporate governance as a core investment criterion, strong financial performance alone can no longer offset structural governance issues in family-controlled corporations. The company faces mounting pressure from major institutional investors and minority shareholders to demonstrate concrete improvements in board independence, management transparency, and succession planning.