Spicy vermicelli raises the Korean company’s exports to $700 million

In a statement, the company stated that it was exporting Samiang It continued to grow from $100 million in 2017 to $200 million next year, $300 million in 2021, and then to $400 million in 2022, according to an Ionhap report.

The company won the $700 million Export Tower Award at the 61st Trade Day ceremony held in Seoul on Thursday. This is the first time that a local food company with exports worth 700 million dollars has won the award.

A company spokesperson said: “Instant vermicelli products, ‘Buldak’, accounted for more than 90 percent of our exports between July 1, 2023 and June 30 this year.”

According to the company, about one billion units of Samiang’s Buldak Bukomun, known as “fire noodles”, are sold annually in 100 countries.

Since the product’s debut in 2012, accumulated sales of the spicy chicken flavored instant noodles have reached 7 billion units, worth 4 trillion won ($2.83 billion).

Buldak noodles gained popularity because their extremely hot taste sparked a widespread challenge a decade ago in 2014.