Samyang Foods sets record sales of 648.5 billion won in 2020

South Korea's Samyang Foods set record sales last year of 648.5 billion won, up by 19.3 percent on-year, and an operating profit of 95.3 billion won, jumping 21.9 percent on-year.

Overseas sales increased 35.8 percent on-year to reach 370.3 billion won.

Exports accounted for 57 percent of Samyang Foods' total sales in 2020.

Samyang Foods, which produces the globally popular Buldak Spicy Chicken Noodle, focused on selling its flagship products overseas while working to make its distribution network more efficient.

Sales in the US grew 120 percent on-year, while those in China went up 20 percent, and Southeast Asia by 18 percent.

Domestic sales also grew 2.7 percent on-year.

According to a company official, Samyang Foods will improve on the sales structure that is concentrated on specific regions and products to boost exports. It will also launch various new products meeting the popular health and environmental trends in South Korea.