SEOUL, Sept. 30 (Korea Bizwire) — Nongshim Co. said it will nearly double the sales of its Shin Ramyun instant noodles in Japan by 2026 as it further penetrates the local noodle market. Nongshim, South Korea’s leading instant noodle maker, aims to achieve 20 billion yen (US$140 million) in Shin Ramyun sales in 2026, up [...]
SEJONG, Sept. 3 (Korea Bizwire) — South Korea’s exports of food products over the first eight months of 2024 increased 8.7 percent from a year earlier on the back of robust shipments of instant noodles and processed rice products, data showed Tuesday. Outbound shipments of processed and fresh foodstuffs reached US$6.47 billion over the January-August [...]
SEOUL, Aug. 1 (Korea Bizwire) – South Korean food company Ottogi has launched a new instant noodle product that pushes the boundaries of spiciness in the competitive Korean instant noodle market. The new product, named ‘Yeolgwang Rabokki’, boasts a Scoville Heat Unit (SHU) rating of 5,856, matching the company’s notoriously spicy ‘Yeol Ramen’ and surpassing the [...]
SEOUL, July 31 (Korea Bizwire) — South Korean instant noodle maker Nongshim Co. said Sunday it will be releasing Shin Ramyun The Red, an extra spicy limited edition of its flagship noodle Shin Ramyun, on August 14. Shin Ramyun The Red measures around 7,500 Scoville heat units (SHU), which is twice as spicy as the [...]
SEOUL, July 13 (Korea Bizwire) — South Korea’s top instant noodle maker, Nongshim Co., said Thursday it aims to triple its sales in the United States by 2030 to top the U.S. instant noodle market. “Nongshim will boost annual sales to US$1.5 billion, threefold of the current level, by 2030 and top the U.S. ramyeon [...]
SEOUL, Aug. 29 (Korea Bizwire) — South Korean instant noodle maker Nongshim Co. announced that it had affixed foldable handles to the side of its spicy noodle cups for the very first time. The company developed the industry’s first foldable handles to reduce the inconvenience of carrying the cup after filling it with hot water. [...]
SEOUL, July 12 (Korea Bizwire) — Samsung Electronics Co. said Monday it will launch the Ramen Duction campaign using its BESPOKE induction cooktop in collaboration with instant noodle maker Nongshim Co. As part of the campaign, the two companies will launch a variety of souvenir events and showcase a jointly developed SCanCook simple cook function. [...]
SEOUL, April 25 (Korea Bizwire) — South Korea’s exports of instant noodles soared 20 percent on-year in March on the global popularity of Korean pop culture amid the coronavirus pandemic, data showed Monday. Asia’s fourth-largest economy exported US$71.58 million worth of instant noodles, or “ramyeon” in Korean, last month, up from $59.62 million a year [...]
SEOUL, Feb. 16 (Korea Bizwire) — South Korea’s three major instant noodle makers saw their operating profits tumble in 2021 due largely to increased costs, their regulatory filings showed Wednesday. Nongshim Co., the leading maker of instant noodles, or “ramyeon” in Korean, said that its 2021 operating income plunged 33.8 percent from the previous year. [...]
SEOUL, Oct. 6 (Korea Bizwire) — For the first time, instant noodle maker Nongshim Co.’s flagship product Shin Ramyun sales overseas have exceeded domestic sales in South Korea. The company reported that, as of the third quarter of this year, Shin Ramyun’s foreign sales stood at 370 billion won (US$310.5 million), accounting or 53.6 percent [...]