SEOUL, Aug. 11 (Korea Bizwire) — South Korea’s top instant noodle maker Nongshim Co. said Friday its net profit jumped more than 60 percent in the second quarter from a year earlier largely thanks to stronger demand for instant noodles amid high inflation and growth in overseas markets. Net profit for the three months ended [...]
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, March 16 (Korea Bizwire) – The legal battle between two major South Korean companies, Nongshim Group and Homeplus, has intensified over the use of the trademark ‘Mega’. Mega Mart, a supermarket chain owned by Nongshim, filed a lawsuit on March 2 against Homeplus, accusing the comany of trademark infringement for its newly introduced hypermarket [...]
SEOUL, Jan. 10 (Korea Bizwire) — South Korean instant noodle maker Nongshim Co. is exploring ways to attract young consumers who are reducing their consumption of instant noodles, or “ramyeon” in Korean. The company opened a Shin Ramyun cafeteria popup store in the hip district of Seongsudong in eastern Seoul on Monday. It brought the [...]
SEOUL, Nov. 23 (Korea Bizwire) — Nongshim Co., a major South Korean producer of snacks and instant noodles, said Wednesday it has won a bid to export a smart farm system to Oman, marking the first sale since it formed a dedicated in-house startup for the business in 2018. The Omani government has decided to [...]
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, Nov. 27 (Korea Bizwire) — Sales of Neoguri instant noodles, which gained international fame thanks to Bong Joon-ho’s Oscar-winning movie “Parasite,” surged to hit the 100 billion won (US$90 million) milestone in the first 10 months of the year, announced Nongshim Co. on Thursday. Nongshim attributes the popularity of the noodles to the global craze [...]
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 [...]