SEOUL, March 24 (Korea Bizwire) — Sales of South Korea’s top instant noodle makers posted strong sales in 2020 thanks to brisk demand amid the coronavirus pandemic, data showed Wednesday. Nongshim Co. said its sales of instant noodles, or “ramyeon” in Korean, came to 2.09 trillion won (US$1.85 billion) last year, up 16.3 percent from [...]
SEOUL, Nov. 4 (Korea Bizwire) — South Korea’s top instant noodle maker Nongshim Co. said Wednesday that it will likely post record overseas sales this year thanks to strong demand amid the coronavirus pandemic. Nongshim forecast its overseas sales of instant noodles, or “ramyeon” in Korean, to amount to US$990 million this year, up 24 [...]
SEOUL, Oct. 26 (Korea Bizwire) — South Korea’s major instant noodle makers are estimated to have posted solid earnings in the third quarter, as demand from stay-at-home consumers rose amid the pandemic and sales in overseas markets remained robust, a survey showed Monday. The combined operating profit of Nongshim Co., Samyang Foods Co. and Ottogi [...]
SEOUL, July 14 (Korea Bizwire) – South Korea is a food lover’s paradise. And there are a wide range of delicious dishes in every corner of the country to suit every taste as its people enjoy various culinary delights anytime, anywhere. Among other things, South Korea has a wide variety of noodles on offer, including [...]
SEOUL, June 25 (Korea Bizwire) — Exports of the Korean staple kimchi and the instant noodle ramyeon posted double-digit growth in the February-May period from a year earlier on increased online purchases amid the new coronavirus outbreak, data showed on Thursday. In the January-May period, exports of ramyeon and kimchi jumped 36 percent and 37 [...]
SEOUL, Nov. 18 (Korea Bizwire) – Major makers of snacks, drinks and cosmetics have increased the prices of their products as the end of the year draws near, while speculations are rising over price surges in instant noodle and coffee products, according to industry officials Friday. Earlier this month, Oriental Brewery, South Korea’s largest brewer, [...]
SEOUL, Oct. 20 (Korea Bizwire) – As consumers went crazy over their products, the companies simply built more plants to meet the soaring demand. Then the craze disappeared all of sudden, leaving them with idle capacity and huge losses. Industry gurus call it the “curse of capacity expansion.” Small instant noodle maker Paldo suffered such [...]
SEOUL, July 26 (Korea Bizwire) — Asiana Airlines, South Korea’s second-largest flag carrier, has been sued for allegedly causing serious burns to a female passenger on board one of its planes last year. The passenger in her mid-30s, identified only by her last name Jang, has filed a lawsuit seeking 200 million won (US$171,000) in [...]
SEOUL, March 23 (Korea Bizwire) — Korea’s noodle consumption is the highest in the world, according to a report by Bloomberg and Euro Monitor published on March 22. Koreans consumed an average of 9.7 kilograms of noodles per individual in 2014, excluding pasta. Japan ranked second on the list with an average consumption of 9.4 [...]