SEOUL, Dec. 19 (Korea Bizwire) — Exports of instant noodles, or “ramyeon,” are sure to exceed US$400 million this year, a state food agency said Wednesday. Shipments of ramyeon totaled $385 million as of the end of November, up 11.2 percent from the same period last year, according to the Korea Agro-Fisheries & Food Trade [...]
SEOUL, Aug. 2 (Korea Bizwire) — Although instant noodles are not exempt from the low growth that the food industry is currently facing, demand for instant noodles has soared due to the increase in single-person households. According to the Korea Agro-Fisheries & Food Trade Corporation (aT), which analyzed sales data of instant cup noodles, the [...]
SEOUL, Jul. 26 (Korea Bizwire) — More than half of South Koreans traveling abroad take local food, such as instant noodles and condiments, with them, a poll showed Thursday. According to the poll conducted by major online shopping mall Gmarket on 1,119 people, 58 percent of the respondents said they purchased Korean food to supplement [...]
SEOUL, Dec. 23 (Korea Bizwire) – Prices of major food products in South Korea have risen recently, putting a larger burden on consumers already hit by the fallout from the worst outbreak of avian influenza, industry sources said Friday. Nongshim Co., the nation’s top instant noodle ramyeon maker, jacked up the average price of its [...]
SEJONG, Oct. 6 (Korea Bizwire) – Exports of South Korea-made instant noodles, or ramyeon, are expected to hit a record high in 2016 on the back of rising popularity in China, customs data showed Thursday. The total value of ramyeon exports stood at US$175 million in the first eight months of the year, up 26.5 [...]
SEOUL, Dec.4 (Korea Bizwire) – Despite the prolonged stagnation of consumption in Korea, the convenience food market continues to grow. According to Nielsen Korea, the global information analysis company, sales of instant products (convenience foods edible after heating) were 1.4 trillion won from September 2014 to August 2015, which was a 9.8 percent increase compared [...]
SEOUL, Sep. 13 (Korea Bizwire) — It turns out that Korean people, well known for their “pali pali” or “hurry, hurry” culture, are really into a bowl of instantly made noodle called ramen. The World Instant Noodles Association announced that Korean people topped a list in terms of average yearly volume of ramen intake, consuming 74.1 packet [...]