Samyang Foods Hits 10 Trillion Won Milestone On Global Buldak Boom
The stock closed at 1.33 million won per share on June 27, placing Samyang 54th in market cap rankings. Shares have doubled year-on-year and surged over 3,200% since 2016, fuelled by viral 'spicy noodle challenges' and rising international appetite for Korean instant noodles.
To meet booming demand, the company has expanded one of its domestic production plants and will break ground on its first overseas factory in China next month. Samyang's global footprint already includes Japan, Indonesia, the Netherlands and the US.
In 2024, the company's revenue jumped 45% to 1.73 trillion won, with 77% coming from overseas markets, especially the US and China. Analysts project the operating profit for the second quarter of 2025 to rise 51% to 135.2 billion won, with sales expected to climb 31% to 554.6 billion won.
The milestone underscores Samyang's evolution from a domestic food brand into a global K-food powerhouse, riding the wave of Korean culture and social media-driven consumer trends. Related
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