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Samyang Foods achieves US$700 mln in exports on ‘Buldak’ spicy noodles

December 5, 2024

South Korean food company Samyang Foods Inc. said Thursday it has achieved US$700 million in exports in one year until June on strong demand for its globally popular ‘Buldak’ spicy ramen.

Samyang’s exports have continued to rise from $100 million in 2017 to $200 million the following year, $300 million in 2021 and then to $400 million in 2022, the company said in a statement.

The company won the $700 million Export Tower award at the 61st Trade Day ceremony held in Seoul on Thursday. It is the first time for a local food company to win the award with $700 million shipments.

“Buldak ramen products accounted for more than 90 percent of our exports between July 1, 2023, and June 30 this year,” a company spokesperson said.

About 1 billion units of Samyang’s Buldak Bokkeummyeon, commonly known as “fire ramen,” are sold annually in 100 countries, according to the company.

Since its debut in 2012, accumulated sales of the hot chicken-flavored instant noodle products have reached 7 billion units, worth 4 trillion won ($2.83 billion).

The Buldak ramen became popular as its intense spiciness ignited a viral food-eating challenge a decade ago in 2014.