Latest news with #SamyangFoodsInc
The Star
3 days ago
- Business
- The Star
Samyang Foods completes plant expansion amid growing demand for Buldak spicy ramyeon
This photo provided by Samyang Foods Inc. shows its new plant in Milyang, some 280 kilometers southeast of Seoul. - Photo: Yonhap SEOUL: (Bernama-Yonhap) Samyang Foods Inc., known for its globally popular Buldak spicy ramyeon, said on Wednesday (June 11) it has completed a plant expansion to meet rising global demand for its signature product, Yonhap News Agency reported. The company said it has constructed a second production facility adjacent to its existing plant in Milyang, some 280 kilometres (km) southeast of Seoul. Samyang operates two other domestic plants in Wonju and Iksan, located 85 km southeast and 180 km south of the capital, respectively. The new Milyang plant, equipped with a smart factory system, will serve as Samyang's global manufacturing hub to meet surging demand in the United States (US) and Europe and to better address evolving customer needs, the company said in a press release. In her speech at the completion ceremony, Samyang Foods Chief Executive Officer (CEO) Kim Jung-soo said that as the creamy, spicy Carbo Buldak is currently the brand's most beloved product, the company will continue to explore and diversify the spicy flavour category to become the definitive "bible of spiciness." "We aim to make the Buldak brand a cultural icon. Over the past decade, content focused on eating more, faster and spicier has taken the lead. "Going forward, we want to become a platform for content that is more enjoyable and entertaining," she said. The new facility adds an annual production capacity of 830 million Buldak ramyeon units, bringing the company's total Buldak output across its four plants to 2.9 billion units per year. In addition to its domestic facilities, Samyang plans to begin construction of its first overseas plant in China next month. The company currently has operations in China, Japan, Indonesia, the Netherlands and the United States. Last year, Samyang's sales surged 45 per cent to 1.73 trillion won (US$1.26 billion) from 1.19 trillion won a year earlier, driven by robust sales of its Buldak ramyeon series, particularly in the United States and China. Its exports also exceeded 1 trillion won for the first time in its history in 2024. Since its launch in 2012, cumulative sales of the hot chicken-flavoured instant noodles have surpassed 7 billion units, generating more than 4 trillion won in revenue. Buldak ramyeon gained worldwide attention after its extreme spiciness sparked a viral food-eating challenge in 2014. - Bernama-Yonhap
Barnama
22-04-2025
- Business
- Barnama
How South Korea's Buldak Noodles Set the World On Fire – and What Malaysia Can Learn
By Nabilah Saleh SEOUL, April 22 (Bernama) -- What began as a daringly spicy noodle in South Korea has become a global food icon -- and Samyang Foods Inc is showing no signs of slowing down. With exports surpassing 1.34 trillion won (US$1 billion) in 2024, the brand behind the iconic Buldak Bokkeummyeon has ignited taste buds, trends, and trade charts in over 100 countries — including Malaysia. bootstrap slideshow Speaking exclusively to Bernama, Seoul-based Samyang Foods Inc attributed the export surge -- up 65 per cent from the previous year -- to the company's laser focus on consumer reactions. 'We created the taste of the street food that foreign visitors used to gather around in Myeongdong. Based on this experience, we have set a goal to spread Korea's spicy flavour globally,' said the company. According to Yonhap News Agency, exports accounted for 77 per cent of Samyang Foods' total revenue, which reached 1.73 trillion won in 2024. Samyang's momentum was further bolstered by the Buldak Challenge, a social media phenomenon that began in 2014 and sparked international curiosity about Korean spicy ramen. Samyang Food Inc said the virality of the Mukbang Challenge had significantly boosted brand visibility and led to stronger digital marketing strategies. The company also credited its proactive approach to halal certification as a key to penetrating Muslim-majority markets, including Malaysia and Indonesia.
Korea Herald
19-03-2025
- Business
- Korea Herald
Samyang Foods' exports surpass W1tr in 2024 on 'Buldak' spicy noodles
South Korean food company Samyang Foods Inc. said Wednesday its exports surpassed the 1 trillion-won ($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, up 65 percent from a year earlier, according to the company. The amount accounts for 77 percent of the company's overall sales for the year at 1.73 trillion won, it said in a press release. Samyang Foods attributed the record-breaking spike in exports to increased sales of the spicy ramyeon products in global markets, particularly in the United States and China. About 1 billion units of Samyang's Buldak Bokkeummyeon, commonly known as "fire ramyeon," are sold annually in 100 countries, according to the company. Since its debut in 2012, accumulated sales of the hot chicken-flavored instant noodle products have reached over 7 billion units, worth more than 4 trillion won, it said. The Buldak ramyeon became popular as its intense spiciness ignited a viral food-eating challenge a decade ago in 2014. (Yonhap)
