Now In Korea

Ottogi Invests ₩56.5 Billion in U.S. Subsidiary

Creatrip Team

a year ago

Ottogi, a Korean food company known for its instant noodles and sauces, announces an investment of ₩56.5 billion (approximately $47 million) in its U.S. subsidiary, Ottogi America Holdings. The investment comprises a conversion of loans into equity and new capital increase, aiming to expand its market presence in the United States. With this investment, Ottogi will fully own the subsidiary, enhancing its capability to cater to local demand.

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