Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets 
FedEx Beats Q2 Earnings Expectations, Raises Full-Year Outlook Despite Stock Dip 
Instacart Stock Drops After FTC Probes AI-Based Price Discrimination Claims 
Boeing Seeks FAA Emissions Waiver to Continue 777F Freighter Sales Amid Strong Cargo Demand 
Volaris and Viva Agree to Merge, Creating Mexico’s Largest Low-Cost Airline Group 
Delta Air Lines President Glen Hauenstein to Retire, Leaving Legacy of Premium Strategy 
Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React 
Citi Appoints Ryan Ellis as Head of Markets Sales for Australia and New Zealand 
Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools 
Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz 
U.S. Stock Futures Slip After CPI-Fueled Rally as Markets Weigh Economic Uncertainty 
Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks 
New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves 
Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track 
Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role 
Samyang Foods announced this week that it has big plans to expand its business overseas. The South Korean food manufacturing company said it would set up new teams and units that will focus on the sales and logistics of its operations outside of the country.
Samyang Foods is hoping that this move will bolster its global business next year so it can achieve its ambition of being listed in the top 100 food companies in the world. As per The Korea Times, the company revealed its medium and long-term goals during the recent business management conference that took place at its own headquarters in Seoul this week.
The meeting was organized after the latest management reshuffle. The reorganization at Samyang Foods will result in the creation of 86 team units in eight divisions. Prior to the company restructuring, it has 5 teams in a total of six divisions.
Some of the newly-formed teams include groups that will manage overseas sales and logistics. It was said that the firm is also creating a special support team.
"In order to set strategies and accomplish tasks, it is most important to properly establish organizations that execute them,” Kim Jung Soo, vice chairman at Samyang Foods, said in a statement. “We would like to carry out a major reshuffle to expand our overseas business based on our 'Go-to-Market' plan."
Another company official commented, "We will continue to expand our business in the instant noodle sector and secure new growth engines such as in the plant protein and microbiome fields."
In any case, VP Kim Jung Soo’s strategy for Samyang Foods’ business expansion overseas will involve the optimization of its global supply chain, growing the brand value, and jumping into the food business to become an international food company. Each year, the brand saw a new high sales growth for its overseas operations, and this is a very good start in accomplishing its visions on the global stage.
Meanwhile, Pulse News reported in April that Samyang Foods got rid of its money-losing businesses to focus on its instant noodle products. This decision proved to be a great move as its Buldak Ramen has become the main driving force in the increase of its sales overseas.
