SEOUL, January 30 (AJP) - South Korean noodle company Samyang Foods said it surpassed 2 trillion won in annual revenue for the first time since its founding, doubling sales in just two years on the back of strong overseas demand for its "Buldak" brand.
In a regulatory filing on Friday, the company reported preliminary consolidated revenue of 2.35 trillion won for last year, up 36 percent from a year earlier, while operating profit jumped 52 percent to a record 523.9 billion won.
The company attributed the results primarily to the rapid global expansion of Buldak, which it described as having evolved into a “global mega brand,” as well as to increased production capacity. Operating profit has risen more than threefold over the past two years, climbing from the 140 billion won range to above 500 billion won, it said.
Samyang Foods expanded its export footprint last year, pushing Buldak products deeper into mainstream retail and distribution channels in the United States and Europe. The company also said the launch of operations at its Miryang Plant No. 2 significantly boosted production capacity, helping stabilize supply amid ongoing external uncertainties.
As overseas expansion gained momentum, about 1 billion Buldak products were sold in the second half of last year alone, underscoring the brand’s competitiveness in global markets, the company said. A more robust supply system supported surging international demand.
“Buldak has become a product that is consumed routinely in global markets, and demand continues to expand,” a Samyang Foods spokesperson said. “We will continue to strengthen our production and distribution infrastructure to sustain growth.”
* This article, published by Aju Business Daily, was translated by AI and edited by AJP.
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