This file photo taken Feb. 19, 2025, shows Samyang Foods’ Buldak Bokkeummyeon product at a large discount store in Seoul. (Image courtesy of Yonhap)
SEOUL, July 8 (Korea Bizwire) — Shares of Samyang Foods surged to a new all-time high on Tuesday, buoyed by soaring global demand for its signature Buldak spicy ramen and expanded production capacity.
The stock closed at 1,436,000 won on the Korea Exchange, up 7.65% from the previous trading day, surpassing the 1.4 million won threshold for the first time. Intraday, the price climbed as high as 1,445,000 won, breaking the previous peak of 1,423,000 won set earlier this month.
The rally comes as the company enters its second-quarter earnings season with strong tailwinds. Analysts cite the ramp-up of operations at Samyang’s second factory in Miryang as a key driver of investor optimism.
Samyang Foods
“There’s an ongoing supply shortage in overseas markets, so increased output is expected to translate directly into sales,” said Han Yoo-jung, an analyst at Hanwha Investment & Securities. “The ramp-up of Miryang Plant 2 starting this month should lead to significant earnings improvement in the second half.”
Han noted that while export data might initially lag behind expectations until August, the long-term growth trajectory remains intact. Samyang also plans to complete a new factory in China by January 2027, a development seen as further enhancing its export capabilities.
In a bullish revision, KB Securities raised its price target for Samyang Foods by 20% to 1.5 million won, projecting that expanded capacity from the new facility will increase the company’s compound annual growth rate by at least two percentage points.
The market’s confidence reflects the enduring popularity of Samyang’s Buldak brand — a spicy instant noodle that has become a viral global sensation — and the company’s strategic investments to keep pace with demand.
Ashley Song (ashley@koreabizwire.com)
