S.Korean ramyun exports increase by 40% in January

Korean-style ramyun, a representative product of K-content, is expected to reach $1 bn in annual exports in 2024

S.Korean ramyun exports increase by 40% in January
Se-Min Huh 1
2024-02-29 12:43:48 semin@hankyung.com
Food & Beverage

South Korea's ramyun(instant noodles) exports increased 39.4% year-over-year to $86 million in January, according to the Korea Customs Service.

This is the new highest monthly performance on record for January and the fifth-highest monthly value overall.

South Korea's largest monthly ramyun export was $91 million in November last year. 

The Korea Customs Service explained that Korean-style ramyun is a representative product of K-content as a quick meal and has gained popularity across borders. 

According to the Korea Customs Service, the ramyun export value reached $952 million, a 24.4% increase from the previous year.

The export volume also saw a record high of 244,000 tons, equivalent to about 2 billion packets. 

Last year, South Korea’s ramyun was exported to 132 countries, the most ever.

The Korea Customs Service expects that the export value of Korean ramyun will reach $1 billion this year, renewing the highest record for the tenth year in a row.

Write to Se-Min Huh at semin@hankyung.com
#ramen exports #K-content #K-culture #Korea Customs Service

Samyang’s power: Hot Chicken Flavor Ramen by daughter-in-law

Samyang’s power: Hot Chicken Flavor Ramen by daughter-in-law

Hot Chicken Flavor Ramen promotion booth at the China International Import Expo on Nov. 5, 2020, in Shanghai (File photo, courtesy of Samyang Foods) Samyang Foods Co., a South Korean instant noodle maker, enjoyed record earnings last year thanks to increasing overseas sales of its global-hit Ho

Samyang Foods launches TomYum Buldak Ramen in US

Samyang Foods launches TomYum Buldak Ramen in US

South Korea's Samyang Foods Co. announced on Friday it began to release the new export-exclusive product of Hot Chicken Flavor Ramen, or Buldak Ramen " TomYum Buldak Ramen" in the US.TomYum Buldak Ramen combines the traditional Thai dish Tom Yum with Samyang's fiery chicken stir-fried ramen. I

Samyang’s Hot Chicken Flavor Ramen sales exceed 5 bn

Samyang’s Hot Chicken Flavor Ramen sales exceed 5 bn

South Korea's Samyang Foods Co. announced on Friday that the cumulative sales of ramen with its Hot Chicken Flavor Ramen, or Buldak-bokkeum-myeon brand surpassed 5 billion units in mid-July. The total revenue reached 3 trillion won ($2.3 billion).The Buldak brand, launched in April 2012, has b

Naver Webtoon promotes K-ramen in Bangkok via pop-up store

Naver Webtoon promotes K-ramen in Bangkok via pop-up store

South Korea's Naver Webtoon, along with major domestic players in the food industry, on Tuesday said it joined in Bangkok, Thailand, Boggle Boggle K-Ramen Pop-up Store from its launch on June 24 at the mega-shopping mall Siam Discovery.The company said it used the intellectual property rights

S.Korea urges ramen makers to cut prices to ease inflation

S.Korea urges ramen makers to cut prices to ease inflation

Ramen noodle packs displayed at a hypermarket in Seoul (Courtesy of Yonhap) South Korean instant noodle makers are considering price cuts for the first time in 13 years pressured by the government, which aims to further ease inflation at the expense of their profitability.The country’s No
(* comment hide *}