SEOUL, July 8 (Korea Bizwire) — Shares of Samyang Foods surged to a new all-time high on Tuesday, buoyed by soaring global demand for its signature Buldak spicy ramen and expanded production capacity. The stock closed at 1,436,000 won on the Korea Exchange, up 7.65% from the previous trading day, surpassing the 1.4 million won [...]
SEOUL, July 3 (Korea Bizwire) — Samyang Foods Inc., maker of the globally popular Buldak spicy ramyeon, said Thursday it has begun construction of its first overseas production facility in China to meet growing demand for its signature product. The company will invest 201.4 billion won (US$148 million) in the new plant, which will be [...]
SEOUL, March 19 (Korea Bizwire) — South Korean food company Samyang Foods Inc. said Wednesday its exports surpassed the 1 trillion-won (US$688 million) mark for the first time in its history last year thanks to growing demand for its globally popular ‘Buldak’ spicy ramyeon. The company’s outbound shipments amounted to 1.34 trillion won in 2024, [...]
SEOUL, Aug. 19 (Korea Bizwire) — An executive of major South Korean foodmaker Samyang Foods Co. has thanked Jimin, a member of K-pop superband BTS, after reporting record-breaking quarterly sales. Samyang generated 27.3 billion won (US$20 million) in operating profits in the second quarter, up by 92 percent, and reported 255.3 billion won in revenue, [...]
SEOUL, Dec.14 (Korea Bizwire) – Samyang Foods has announced that its exports of instant ramen noodles reached 27 billion won from January to November this year, which was a 35 percent increase compared to the same period last year. Of note, the growth of exports to countries where stir-fried noodles are popular such as Singapore, [...]