Banseog note · Oct 25, 2026
Maeil Dairies — Looking for growth beyond milk
- Where it stands now
- Reorganization — merging subsidiaries and shifting weight to infant formula, soy milk, health foods and overseas
In the first half of 2026, consolidated revenue was KRW 949.9 billion (+3.6%) and operating profit KRW 39.2 billion (+54.3%).
The company cited strong infant formula sales, the expansion of non-dairy products such as soy milk, and growth in overseas business as reasons for the improvement. On the other hand, it said that a continuing raw milk surplus led to losses in white milk.
- Three decisions within a year
- Merger with Maeil Health Nutrition: on May 1, 2026 it merged the wholly owned subsidiary that runs 'Sellex'.
- Entering the US: in July 2026 it placed eight products, including 'Maeil Soymilk' and 'Sellex', in Olive Young stores and the online mall in the US.
- Safety management review: in August 2026 it said it would fully review the safety management system at its plant sites and implement the necessary measures to prevent recurrence.
- Three people it will look for
- EHS and plant safety management head — leading the review of the on-site safety management system
- Health functional food and nutrition business PM — growing products and channels after Sellex was merged into the parent
- Overseas sales and channel staff — widening sales channels for soy milk and health drinks in the US and other overseas markets
- For HR
- In infant formula, soy milk and protein drinks, other dairy companies and health food companies are looking for the same people. The second half of this year, with merger integration and the safety review under way together, is the time to bring in safety and integration staff.
- For job seekers
- Experience managing safety and equipment at a food plant, or growing a health functional food brand, is worth the most at this company right now.
A reading written from public sources. Sources: Edaily 2026-08-14 (H1 results), Etoday 2026-05-15 (Q1 business trends), 2026-02-06 (merger), 2026-07-22 (US listings), 2026-08-10 (safety review). Team size is from Korea's pension register.