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.


China’s AI Models Narrow the Gap With the West, Says Google DeepMind CEO
TSMC Set to Post Record Q4 Profit as AI Chip Demand Accelerates
U.S. Lawmakers Raise Alarm Over Trump Approval of Nvidia AI Chip Sales to China
China Considers New Rules to Limit Purchases of Foreign AI Chips Amid Growing Demand
Microsoft Strikes Landmark Soil Carbon Credit Deal With Indigo Carbon to Boost Carbon-Negative Goal
Anthropic Appoints Former Microsoft Executive Irina Ghose to Lead India Expansion
Federal Judge Clears Way for Jury Trial in Elon Musk’s Fraud Lawsuit Against OpenAI and Microsoft
U.S. Moves to Expand Chevron License and Control Venezuelan Oil Sales
Elon Musk Seeks $134 Billion in Lawsuit Against OpenAI and Microsoft Over Alleged Wrongful Gains
Google Seeks Delay on Data-Sharing Order as It Appeals Landmark Antitrust Ruling
xAI Restricts Grok Image Editing After Sexualized AI Images Trigger Global Scrutiny
Toyota Industries Buyout Faces Resistance as Elliott Rejects Higher Offer
Zhipu AI Launches GLM-Image Model Trained on Huawei Chips, Boosting China’s AI Self-Reliance Drive
TSMC Shares Hit Record High as AI Chip Demand Fuels Strong Q4 Earnings
Chevron Set to Expand Venezuela Operations as U.S. Signals Shift on Oil Sanctions
Boeing Reaches Tentative Settlement With Canadian Victim’s Family in 737 MAX Crash Lawsuits 



