Samyang Foods

In the early 1970s, Samyang Foods converted a 20 km2 Daegwallyeong forest into a grassland to raise livestock.

In 2010, Jeon In Jang became the company's chairman. The company is now placed third to fourth in the instant noodle market of Korea. Samyang Foods started exporting their products, increasing the company's profits. Recently, the company took over several restaurant chains to expand into the food service industry.

In 2012, Samyang Foods released its Buldak Spicy Chicken Ramen. The new Buldak Spicy Chicken flavor became popular in the YouTube community.In 2012, Samyang Foods along with several other companies in the Instant Noodles market, including Nongshim, Ottogi, and Korea Yakult, were fined by the Korean Fair Trade Commission for fixing instant noodles prices from 2001 to 2010.In 2019, Hyundai Development Co., a large shareholder of Samyang Foods with 16.99% stake, pushes for the suspension of board directors with criminal records.In 2019, Samyang Foods establishes Samyang Japan, its first overseas sales unit. This expansion is due to Japan’s large ramen market, approximately $5.4 billion US dollars of ramen consumption.In 2020, Samyang Foods launches its new kimchi-flavored Buldak spicy noodles to meet consumer demands and interests in “fire noodles”.On March 19, 2021, Samyang Foods Co. announced its sales reached a new high due to the increased demands for its instant noodles during the coronavirus pandemic. Samyang Foods Co.’s operating profit increased by 21.9% since last year.