Samyang Foods Stock Soars After Record Earnings and Global Sales Growth
- Chaerin Lee
- Jul 1
- 2 min read
July 1, 2025
Caerin Lee
On May 16, shares of Samyang Foods jumped nearly 20% on the KOSPI, climbing past 1.2 million won and setting a new all-time high. The rally came after the company posted record earnings in the first quarter. Revenue reached 529 billion won and operating profit hit 134 billion won, marking year-over-year increases of 37% and 67% respectively.
To keep up with growing global demand, Samyang is expanding its production capacity. After opening a European office in the Netherlands last July, the company is now working on a new manufacturing site in China. It also plans to finish construction on a second plant in Miryang by mid-year. “We’ve scaled back domestic supply to focus on exports, but demand for Buldak ramen still exceeds what we can produce,” said Eunji Kang, an analyst at Korea Investment & Securities. “Once the new facility is up and running, we expect higher export volume and continued strong margins.”
At a shareholders’ meeting in March, CEO Dongchan Kim said the company aims to surpass 1 trillion won in overseas sales again this year. “We believe in the strength of our products,” he said. “With more infrastructure coming online, we think we’re entering a new phase of growth.”
In April, Samyang joined the Coachella Valley Music and Arts Festival in California, hosting a food booth and running several on-site promotions. The Buldak booth stayed busy throughout the event and picked up attention on social media. The company reported a 65% jump in overseas sales so far in 2024, with especially strong momentum in North America. Sales from its U.S. subsidiary more than doubled from a year ago, helped by expanded partnerships with major retailers like Walmart and Costco.
