Samyang Foods, the company behind Buldak Ramen products, closed at 302,500 won on Thursday, briefly touching an all-time high in midday trading.
Samyang Foods posted overseas sales totaling 809.3 billion won with explosive growth on the back of its Buldak Ramen.
Samyang Foods is building a new $123 million factory in South Gyeongsang to increase production of its popular Buldak noodles for export to the United States.
Korea's ramyeon witnessed a record high in global exports in 2023 due to rising demand amid the pandemic and the growing popularity of Korean culture.
Samyang Foods achieves record sales of $1M during China's largest shopping festival, thanks to popular ramyeon products like Buldak.
Korean food company Samyang Foods introduced the Thai traditional dish 'Tom Yum' as a new flavor to its popular Buldak brand product line.
The surging popularity of K-food abroad has triggered the proliferation of copycat products of instant noodle and other food items created by local companies in countries such as China.
Samyang Roundsquare, the parent company of Samyang Foods, is jumping into new businesses and research related to plant-based protein and microbiomes in a bid to diversify its revenue stream currently centered around ramyeon products.
Exports of ramyeon rose in the first half helped by the global popularity of Korean shows and films. Ramyeon exports rose 19.9 percent on year in the first half, to $383.4 million, according to the Korea International Trade Associations (KITA) ...
Korean ramyeon brands are catching on in Europe. A stack of Nongshim’s Shin Ramyun cup noodles was displayed at a discount mart near Interlaken Ost station in Switzerland on June 16, waiting to be sold.
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