Korea’s exports of instant noodles surpass $100 mil. for first time in April: data

A woman picks out ramyeon in a major supermarket in Seoul, Korea, April 9. Yonhap

Korea’s exports of instant noodles surpassed the $100 million mark for the first time last month on the growing popularity of Korean culture and food, data showed Sunday.Exports of instant noodles, or “ramyeon” in Korean, reached $108.6 million in April, up 46.8 percent from a year earlier, growing at the fastest pace since May 2022, according to the Korea Customs Service (KCS).It marks the first time the monthly figure has exceeded $100 million, the agency said.Ramyeon exports have been on a constant rise since 2015 and are expected to hit a fresh high this year in line with the popularity of Korean movies, dramas and music, as well as high demand for affordable,

ready-to-eat food products amid high inflation.Last year, ramyeon exports reached a record high of $952 million, jumping 24.4 percent from 2022.The KCS expects the exports to surpass $1 billion this year.Samyang Foods, a major Korean instant noodle maker, saw its sales soar 57 percent on-year to 385.7 billion won ($284.5 million) in the first quarter.The company said its revenue from overseas markets, in particular, shot up 85 percent thanks to the popularity of the carbonara flavor of its smash-hit spicy instant noodle item, Buldak Ramen.Overseas revenue accounted for 75 percent of Samyang’s total sales in the first quarter, according to the 온라인카지노 company

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