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.


Norway Offshore Oil Workers Reach Wage Deal, Averting Strike
Switch Seeks $2 Billion Funding at Nearly $50 Billion Valuation Ahead of Potential IPO
Suncorp Cuts 2026 Premium Growth Forecast as Australia, New Zealand Markets Weaken
Meta Stock Jumps as AI Cloud Expansion Challenges AWS, Microsoft, and Google
Kuaishou Stock Jumps as Kling AI Secures $2 Billion Funding Round
Trump Administration to Launch Voluntary AI Standards for Frontier Models
Anthropic Tightens AI Access Controls After Reports of China-Based Workarounds
SoftBank’s LY Corp, Bain Raise Kakaku.com Bid to ¥670 Billion, Intensifying Takeover Battle
DOJ Seeks Dismissal of Fraud Charges Against Gautam Adani in U.S. Court
Sodexo Raises 2026 Revenue Outlook After Strong Q3 Sales Beat
Samsung to Invest $90 Billion in South Korea to Expand AI Chip, Display, and Battery Production
Chinese Copper Foil Maker Londian Files U.S. IPO as EV Battery Demand Grows
Super Micro Employees Detained in Taiwan AI Server Export Investigation
EU Chip Industry Faces Growing Risks From China Export Controls and U.S. Technology Dependence: Report
SK Holdings, KKR Launch $1.3B Renewable Energy Venture in South Korea
Tesla Q2 Deliveries Lift Chinese Auto Suppliers as EV Demand Improves
Kioxia Bets on AI Memory Boom With Next-Gen NAND Production in Japan 



