Elon Musk Says Anthropic Leads AI Race as Claude Models Challenge OpenAI 
China Inflation Cools in June as Producer Prices Hit Four-Year High 
Bernstein Raises 2026 Nickel Price Forecast as Indonesia Tightens Supply 
AstraZeneca Shares Sink After Wainua Trial Misses Key Heart Disease Goal 
Gold Price Climbs Over 1% as Dollar Weakens, Fed Rate Debate and Iran Tensions Remain in Focus 
Deutsche Bank Sees Global Capital Shifts Reshaping Long-Term U.S. Dollar Outlook 
Bernstein Names IAG, Ryanair as Top European Airline Stocks Ahead of Earnings 
Oil and LNG Tankers Turn Back as Strait of Hormuz Security Risks Escalate 
Netflix, Disney, YouTube Eye FIFA World Cup TV Rights in Multi-Billion Dollar Battle 
US Launches New Iran Strikes as Strait of Hormuz Conflict Escalates, Oil Prices Rise 
Wolfspeed Sues Navitas Over GaN and SiC Patent Infringement 
Nvidia Invests $500M in Firmus Technologies Ahead of Planned ASX IPO 
US Stock Futures Steady as Oil Prices Ease, Iran Talks Boost Market Sentiment 
Gold Prices Set for Weekly Loss as Iran Tensions and Fed Rate Outlook Weigh 
Gold Prices Slip as Stronger Dollar, Fed Rate Outlook Weigh on Bullion 
Oil Prices Slip but Stay on Track for Weekly Gains as U.S.-Iran Conflict Persists 
Nongshim’s Shin Ramyun, one of the most popular brands of instant noodles in South Korea, has been quickly expanding overseas. The brand, which is also one of the oldest names in the country, has made its way abroad, and its expansion was very successful.
In fact, according to The Korea Herald, the sales of Nongshim Shin Ramyun outside of South Korea already surpassed the domestic sales point at this time. It was reported that sales from abroad now accounted for 53.6% of its ₩690 billion or about $600 million total profits in the first three quarters of this year.
It was added that this is the first time this has happened; thus, Shin Ramyun has made a new history of having sold more instant noodles outside of Korea than locally. Likewise, in the company’s 35 years of existence, this is the first time that overseas sales defeated the demand in its home base.
Nongshim’s Shin Ramyun was said to have been first exported in 1971, and the destination was in Los Angeles, United States. This was the company’s first expansion overseas, and from there, the brand gradually grew and became well-known in Europe and Asia as well.
It was said that based on the records the most popular Shin Ramyun product in the international market is Nongshim’s spicy Shin Ramyun. This reportedly recorded high sales and pushed the sales to grow and reach millions. Currently, with the great performance, it was predicted that total sales of the instant noodle maker could reach ₩930 billion by the end of 2021, as per Pulse News.
Nongshim already has factories in Los Angeles and China and it has established two sales subsidiaries in Australia and Japan. This just shows how successful the brand has become.
“We believe right now is the opportune time to exponentially grow our business,” a company official said in a statement. “We will continue to grow sales overseas until half of the entire sales are generated outside of South Korea.”
Finally, it was reported that Nongshim still has plans to further expand the business in other markets. It is also looking to increase its supply of Shin Ramyun to Canada, Latin America, and Canada.
