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 Corporation and Daehan Flour reduced the prices of their flour products in response to a price adjustment initiated by CJ CheilJedang last month.
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.
Samsung and other Korean conglomerates prioritize AI innovation, sustainability, and demographic-driven changes for 2024, focusing on overcoming challenges in evolving markets and pursuing global expansions.
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.
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 Korean ramyeon surpassed the $500 million mark for the January to July period in 2023, setting a new record for the country's staple food.
Korea JoongAng Daily Sitemap