SEOUL, March 20 (Korea Bizwire) — Ottogi Corp., a major South Korean food company, said Thursday it will raise the prices of its “ramyeon,” or instant noodle, products next month to reflect higher raw materials costs. Ottogi plans to raise the retail prices of 16 ramyeon products by an average of 7.5 percent starting April [...]
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, Nov. 27 (Korea Bizwire) – Jin Ramen from Ottogi Co., a South Korean food company, will become South Korea’s first food product ever to be invited to an Indian home shopping program. Jin Ramen will be up for sale on Home Shop 18, India’s largest home shopping channel, starting this Thursday. Home Shop 18, [...]
SEOUL, March 22 (Korea Bizwire) — Sales of frozen snacks rose sharply in 2017 from the previous year, industry data showed Thursday, amid the growing popularity of frozen pizza, hot dogs and other snacks. The sales figure soared to 134.2 billion won (US$125 million) last year from 61 billion won the previous year, according to [...]
SEOUL, Jul. 24 (Korea Bizwire) — News that noodle maker Ottogi has been listed as one of the fifteen companies included in President Moon’s powwow with major business leaders on July 27 has caught many by surprise. The list contains industry heavyweights such as Hyundai and Samsung, which makes the inclusion of a middle-sized company [...]
SEOUL, July 24 (Korea Bizwire) — Wine in a pouch and cup soup are no longer extraordinary food products in Korea, as food manufacturers are employing various other forms of packaging to fit changing trends and customers’ needs. According industry watchers, companies are aggressively introducing food products in new packaging, such as pouch wine, pouch [...]