Samyang, which has been expanding its high-tech materials business since its 100th anniversary, will launch its battery materials business in earnest.Samyang announced on March 26 that it has invested 3 billion won in Solid Ionics, a solid-state electrolyte development and production company. Samyan
Samyang ROUNDSQUARE announced on March 20 that its Spicy Buldak Ramen was featured as a leading example of K-Ramen on the British micro-documentary channel Great Big Story.Launched in 2015, Great Big Story is a channel that produces micro-documentaries on a variety of fields including food, hobbies,
South Korean ramen exports nearly reached US$1 billion last year. According to the Ministry of Agriculture, Food and Rural Affairs on Jan. 17, ramen exports stood at US$952.4 million last year and marked a whopping increase of 24.4 percent compared to the previous year. Ramen exports have been consi
On Jan. 2, Kim Yoon, chairman of Samyang Group, announced, “The year 2024, marking the 100th anniversary of our foundation, will be the inaugural year of transformation for a new Samyang.”During the New Year’s ceremony at the Samyang Discovery Center in Pangyo, Chairman Kim emphasized three core man
Samyang Holdings announced on Dec. 18 that it has acquired a controlling stake in Verdant Specialty Solutions, a global specialty chemical materials company. The acquisition amount is approximately 330 billion won.Headquartered in the state of Texas in the U.S., Verdant focuses on the production of
This year marks the 60th anniversary since the release of ramen in Korea, and its export revenue has exceeded 1 trillion won for the first time in history.According to the trade statistics from the Korea Customs Service on Dec. 10, the export revenue of ramen from January to October this year reache
The export revenue of ramen, which celebrates its 60th anniversary this year, has surpassed 1 trillion won for the first time in history.According to trade statistics from the Korea Customs Service on Nov. 20, the export revenue of ramen for the first 10 months of this year reached US$785.25 million
From January to July this year, the accumulated export value of ramen surpassed US$500 million for the first time, marking a historic high for the period. The success and popularity of K-content such as dramas and movies are believed to have contributed to this growth.According to the Korea Agro-Fis
Business leaders from Korea and Japan gathered again in Seoul for the Korea-Japan Industrial Cooperation Forum to discuss ways to boost cooperation between the two countries. Recently the two countries have accelerated their economic cooperation, including the signing of a currency swap for the firs
Samyang Corp., a chemical and food affiliate of Samyang Group, announced on Dec. 28 that it has developed Korea’s first eco-friendly polycarbonate (PC) with the post-consumer recycled polycarbonate (PCR PC) content above 90 percent.PC is an engineering plastic that is transparent and resistant to im
Samyang Group has completed Korea's first plant for commercial production of bioplastics with plant-based ingredients.On Nov. 16, Samyang Innochem, a chemical affiliate of Samyang Group, held a ceremony to mark the completion of the plant at Gunsan Free Trade Complex in South Jeolla Province. Th
Nongshim Co., the No. 1 player in the domestic ramen market, is setting its sights on the global market. The company is developing instant noodle products that can fascinate consumers in overseas markets.The Korean ramen market in the third quarter amounted to 1,473.4 billion won, up 4.5 percent fro
Samyang Foods announced on Aug. 1 that its Hot Chicken Flavor Ramen, or Buldak-bokeum-myeon, broke the milestone of 4 billion cumulative sales. One in two people around the world ate the spicy instant noodle once.The hot stir-fried instant noodle was launched in 2012 and became famous through the Fi
The author is an analyst of NH Investment & Securities. He can be reached at esshim@nhqv.com. -- Ed. Samyang Optics is a maker of third-party interchangeable lenses used in DSLR and mirrorless cameras. The interchangeable lens market is set for rejuvenation on a rise in outdoor activity, a rebound i
The author is an analyst of NH Investment & Securities. She can be reached at mj27@nhqv.com. -- Ed. Earnings at F&B players in 1Q22 are likely to prove better than feared. Although cost volatility exists, because corporate strength has improved and price hikes have been implemented, we view this as
The author is an analyst of NH Investment & Securities. She can be reached at mj27@nhqv.com. -- Ed. We expect Samyang Foods’ earnings to rebound from 4Q21, backed by a partial easing in shipping congestion and by ASP markup effects. In 2022, the firm is to display a full earnings turnaround, support
The author is an analyst of NH Investment & Securities. She can be reached at mj27@nhqv.com. -- Ed. We expect Korean ramen makers to enjoy an earnings rebound next year, as the full-fledged effects of domestic price hikes kick in. Domestic ramen companies have been expanding their distribution netwo
The popularity of Korean foods is increasing worldwide. According to the Korea International Trade Association, South Korea’s food and beverage exports totaled US$5,324.49 million for the first eight months of this year, up 16.3 percent from a year ago. The export figure exceeded US$7 billion last y
Samyang Foods announced on Oct. 5 that it will establish Samyang Foods Shanghai Limited in Shanghai, China, in December, following the launch of Samyang America in Los Angeles in August.China and the United States are Samyang Foods’ major markets that account for 45 percent and 15 percent of oversea
The author is an analyst of NH Investment & Securities. She can be reached at mj27@nhqv.com. -- Ed. Ottogi has announced an ASP markup for ramen. With an ASP hike-leaning atmosphere spreading across the industry, major players’ earnings and investment attractiveness are to recover from 2H21.Investme