Samyang Foods hits record quarterly results as 'Buldak Bokkeum Myun' soars overseas
Creatrip Team
4 months ago
Samyang Foods reported record third-quarter results driven by strong overseas demand for its spicy instant noodle 'Buldak Bokkeum Myun' (Hot Chicken Flavor Ramen). Consolidated Q3 sales reached KRW 632 billion and operating profit KRW 130.9 billion, up 44% and 50% year-on-year respectively. Overseas sales grew 50% to KRW 510.5 billion, now accounting for 81% of total revenue, with the US and China showing 59% and 56% growth. The company boosted production by starting its Milyang Plant 2 to preemptively address higher US tariffs, diversify export markets and meet rising foreign demand. Operating margins have remained in the 20% range for three consecutive quarters, and cumulative operating profit through Q3 surpassed last year’s full-year figure. Samyang expects further export expansion as tariff risks ease and plant utilization rises.
