Elon Musk Wins Reinstatement of Historic Tesla Pay Package After Delaware Supreme Court Ruling 
Harris Associates Open to Revised Paramount Skydance Bid for Warner Bros Discovery 
Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law 
Volaris and Viva Agree to Merge, Creating Mexico’s Largest Low-Cost Airline Group 
Maersk Vessel Successfully Transits Red Sea After Nearly Two Years Amid Ongoing Security Concerns 
Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand 
Trump Signals Push for Lower Health Insurance Prices as ACA Premium Concerns Grow 
Nike Shares Slide as Margins Fall Again Amid China Slump and Costly Turnaround 
Roche CEO Warns US Drug Price Deals Could Raise Costs of New Medicines in Switzerland 
Delta Air Lines President Glen Hauenstein to Retire, Leaving Legacy of Premium Strategy 
Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track 
Instacart Stock Drops After FTC Probes AI-Based Price Discrimination Claims 
FedEx Beats Q2 Earnings Expectations, Raises Full-Year Outlook Despite Stock Dip 
TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement 
Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies 
ANZ New CEO Forgoes Bonus After Shareholders Reject Executive Pay Report 
Elliott Management Takes $1 Billion Stake in Lululemon, Pushes for Leadership Change 
Nongshim Co., South Korea's premier instant noodle maker, has announced its plans to potentially establish a new domestic manufacturing facility dedicated solely to exports. This move comes in response to the surging international appetite for its ramyeon products.
According to Kurea Bizwiire, the company is considering the southeastern port city of Busan or Pyeongtaek, located 60 kilometers south of Seoul, as a possible site for this plant. This initiative aims to bolster the supply of its noodles to meet the growing demands in Europe and Asia.
Global Operations and Expansion
Nongshim currently operates a dozen manufacturing plants worldwide, six of which are located domestically and six abroad, including two in the United States and four in China. A plan to expand the second facility this October is underway, particularly in the U.S., where its Los Angeles-based No. 1 and No. 2 ramyeon plants are situated.
Yonhap News reported that this expansion is a strategic move to cater to the increasing local demand for its cup noodle products. However, details regarding the investment size and the specific timeline for the new domestic facility's construction remain undisclosed.
A Diverse Product Portfolio on the Global Stage
Nongshim's flagship products, such as Shin Ramyun, Chapagetti, and Neoguri, have carved out a significant presence in the global market. To further penetrate the European sector, the company plans to introduce additional products like Neoguri and Soon veggie noodles in France's leading retail chains, E.Leclerc and Carrefour, starting in June.
This venture is part of Nongshim's broader strategy to expand its global production capacity and explore new European markets, including potential forays into Spain, Italy, Poland, and Romania, in collaboration with Carrefour.
This ambitious expansion reflects Nongshim's commitment to meeting the international demand for Korean ramyeon, leveraging its strategic locations and diverse product lineup to reach a wider global audience.
Photo: Nongshim Website
