Momenta Quietly Moves Toward Hong Kong IPO Amid Rising China-U.S. Tensions 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Amazon Italy Pays €180M in Compensation as Delivery Staff Probe Ends 
Magnum Audit Flags Governance Issues at Ben & Jerry’s Foundation Ahead of Spin-Off 
Australia Moves Forward With Teen Social Media Ban as Platforms Begin Lockouts 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Microchip Technology Boosts Q3 Outlook on Strong Bookings Momentum 
Anthropic Reportedly Taps Wilson Sonsini as It Prepares for a Potential 2026 IPO 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Proxy Advisors Urge Vote Against ANZ’s Executive Pay Report Amid Scandal Fallout 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX 
YouTube Agrees to Follow Australia’s New Under-16 Social Media Ban 
Airbus Faces Pressure After November Deliveries Dip Amid Industrial Setback 
South Korea is a country where instant noodles are very much loved by its citizens. In fact, there is no home in the country that does not have even a pack of instant noodles that they called “ramyeon.”
New record for the export of Korean instant noodles
Now, Yonhap News Agency reported that the South Korean instant noodles are also gaining a lot of love from overseas. In fact, the exports of this food staple in Korean homes have reached an all-time high record.
The new record for the export of instant noodles was achieved in the first half of this year. Even if the world is in the midst of battling the COVID-19 pandemic, data showed that exports have surged to an amazing number.
It was reported that South Korea was able to export around $319.68 million worth of instant noodles from January to June of this year. This is said to show an increase of 5.8 percent compared to the previous year. In 2020, the record for the same period was said to be only $302.08.
The new data about the export of instant noodles were collected from the Korea Customs Service. It was mentioned that the largest orders for the Korean ramyeon packs came from China.
In any case, the popularity of the instant noodles from the Korean company brands was attributed to the popularity of Kpop and K-dramas, where people from around the globe constantly see the characters cooking and eating ramyeons. Instant food has also become popular as most people are now staying at home.
After China, the next biggest export was in the U.S. with $37.3 million worth of orders, and this was followed by Japan with $33 million. Taiwan and the Philippines follow next with $16.21 and $12.05 million worth, respectively.
Korean food exports break the record during the pandemic
Meanwhile, aside from instant noodles, many South Korean foods have also become popular abroad. Thus, exports of other items have also increased.
In May, The Korea Herald reported that shipments overseas have reached an all-time high of $4.28 billion in 2020 while it was only $3.73 billion in 2019. Most items being exported include alcoholic beverages, kimchi, drinks, Korean sauces, and ready-to-cook tteokbokki and fish cakes.
