Oil Prices Drop as Strait of Hormuz Shipping Recovers 
Anthropic AI Model Uncovers Vulnerabilities in Classified U.S. Government Systems During Security Test 
South Korea’s KOSPI Jumps Over 5% as Samsung, SK Hynix Rally on Micron Earnings Boost 
South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
Kioxia Targets U.S. Listing as AI Chip Boom Accelerates 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
Samsung, SK Hynix to Unveil Record AI and Semiconductor Investment Plans Worth Over $646 Billion 
SK Hynix Targets $29.4 Billion Nasdaq Listing to Expand AI Chip Business 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
Doncasters Raises $919 Million in NYSE IPO as Aerospace Growth Accelerates 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
SpaceX, Charter Communications Explore Mobile Partnership to Expand Starlink Wireless Service 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
BOJ Hawk Signals Faster Interest Rate Hikes Amid Inflation Risks 
South Korea is a country where instant noodles are very much loved by its citizens. In fact, there is no home in the country that does not have even a pack of instant noodles that they called “ramyeon.”
New record for the export of Korean instant noodles
Now, Yonhap News Agency reported that the South Korean instant noodles are also gaining a lot of love from overseas. In fact, the exports of this food staple in Korean homes have reached an all-time high record.
The new record for the export of instant noodles was achieved in the first half of this year. Even if the world is in the midst of battling the COVID-19 pandemic, data showed that exports have surged to an amazing number.
It was reported that South Korea was able to export around $319.68 million worth of instant noodles from January to June of this year. This is said to show an increase of 5.8 percent compared to the previous year. In 2020, the record for the same period was said to be only $302.08.
The new data about the export of instant noodles were collected from the Korea Customs Service. It was mentioned that the largest orders for the Korean ramyeon packs came from China.
In any case, the popularity of the instant noodles from the Korean company brands was attributed to the popularity of Kpop and K-dramas, where people from around the globe constantly see the characters cooking and eating ramyeons. Instant food has also become popular as most people are now staying at home.
After China, the next biggest export was in the U.S. with $37.3 million worth of orders, and this was followed by Japan with $33 million. Taiwan and the Philippines follow next with $16.21 and $12.05 million worth, respectively.
Korean food exports break the record during the pandemic
Meanwhile, aside from instant noodles, many South Korean foods have also become popular abroad. Thus, exports of other items have also increased.
In May, The Korea Herald reported that shipments overseas have reached an all-time high of $4.28 billion in 2020 while it was only $3.73 billion in 2019. Most items being exported include alcoholic beverages, kimchi, drinks, Korean sauces, and ready-to-cook tteokbokki and fish cakes.
