echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Food News > Food Articles > Nongshim Shin Ramen's overseas sales in the first three quarters of this year surpassed domestic sales for the first time

    Nongshim Shin Ramen's overseas sales in the first three quarters of this year surpassed domestic sales for the first time

    • Last Update: 2021-10-09
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com
    Yonhap Seoul, Oct.
    5 electrical Korean food company Nongshim said on Tuesday, the company's instant noodles "Xin Ramen " in the first three quarters of this year sales of 6,900 billion won (about 3.
    75 billion yuan), of which overseas sales accounted for 53.
    6%, At 370 billion won, overseas sales exceeded domestic sales for the first time since its launch in October 1986
    .
     
    Nongshim predicts that according to current trends, total sales this year will reach 930 billion won, and it is expected to exceed 1 trillion won next year
    .
    According to Nongshim's analysis, the popularity of spicy Sin Ramen, which is loved by Koreans, has risen in popularity abroad, mainly due to the company's strategy of entering the global market that "Korean characteristics can be more recognized by the world" has worked
    .
     
    Last year, as people stay at home longer due to the epidemic, Shin Ramen, which is easy to cook, once again ushered in business opportunities
    .
    The "Jijiang Udon" that appeared in the film "Parasite" which won four Oscars last year also played a positive role in promoting the company's products
    .
     
    Shin Ramyun started to be exported in 1987 and is currently exported to more than 100 countries
    .
    Overseas, Nongshim established a factory in Shanghai in 1996, then successively established factories in Chengdu, Shenyang, and Los Angeles, and successively established sales corporations in Japan, Australia, Vietnam, Canada and other countries
    .
    In 1999, Nongshim created the "Nongshim Shin Ramen Cup World Go Championship" for Chinese consumers who love Go
    .
    The company also expects to start production at the second plant in the United States at the end of the year, further increasing its supply in the United States, Canada, Mexico, and Latin America
    .
     
    As of the end of September this year, the cumulative domestic and international sales of Shin Ramyun reached 15 trillion won, the largest single-brand domestic food company
    .
    (over)
    Sales of instant noodles by food companies
     
    Nongshim predicts that according to current trends, total sales this year will reach 930 billion won, and it is expected to exceed 1 trillion won next year
    .
    According to Nongshim's analysis, the popularity of spicy Sin Ramen, which is loved by Koreans, has risen in popularity abroad, mainly due to the company's strategy of entering the global market that "Korean characteristics can be more recognized by the world" has worked
    .
     
      Last year, as people stay at home longer due to the epidemic, Shin Ramen, which is easy to cook, once again ushered in business opportunities
    .
    The "Jijiang Udon" that appeared in the film "Parasite" which won four Oscars last year also played a positive role in promoting the company's products
    .
     
      Shin Ramyun started to be exported in 1987 and is currently exported to more than 100 countries
    .
    Overseas, Nongshim established a factory in Shanghai in 1996, then successively established factories in Chengdu, Shenyang, and Los Angeles, and successively established sales corporations in Japan, Australia, Vietnam, Canada and other countries
    .
    In 1999, Nongshim created the "Nongshim Shin Ramen Cup World Go Championship" for Chinese consumers who love Go
    .
    The company also expects to start production at the second plant in the United States at the end of the year, further increasing its supply in the United States, Canada, Mexico, and Latin America
    .
     
      As of the end of September this year, the cumulative domestic and international sales of Shin Ramyun reached 15 trillion won, the largest single-brand domestic food company
    .
    (over)
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.