Buldak maker’s stock erupts to all-time high amid viral wave

From Korea JoongAng Daily: 2024-05-02 04:52:28

American rapper Cardi B creates a viral TikTok video cooking Buldak Carbonara ramen, sparking interest in the product worldwide. Samyang Foods hits a record high share price on Thursday, attributing the upsurge to the global popularity of its flagship Buldak ramen. Sales increase led to a narrowing of the market cap gap with rival Nongshim. Stock analysts expect continued growth following completion of new plant in 2025.



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