[Special Stock] Nongshim and Samyang Foods Drop 3% on 'Ramen Price Reduction'
On the 28th, the stock prices of Nongshim and Samyang Foods are weak.
As of 9:41 AM on the same day, Nongshim's stock price is trading at 408,500 KRW, down 2.74% from the previous trading day.
Nongshim announced the day before that it will lower the ex-factory prices of Shin Ramyun and Saewookkang by 4.5% and 6.9%, respectively, starting from the 1st of next month. This decision is interpreted as having worsened investor sentiment due to the expected decrease in operating profit.
Hot Picks Today
!["Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①](https://cwcontent.asiae.co.kr/asiaresize/93/2026051914165468840_1779167814.png)
"Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- "I'll Stop by Starbucks Tomorrow": People Power Chungbuk Committee and Geoje Mayoral Candidate Face Criticism for Alleged 5·18 Demeaning Remarks
- "To Get Revenge on Ex-Girlfriend" US McDonald's Manager Spits on French Fries
- "How Did an Employee Who Loved Samsung End Up Like This?"... Past Video of Samsung Electronics Union Chairman Resurfaces
At the same time, Samyang Foods' stock price is also down 2.64%, standing at 107,100 KRW. Samyang Foods plans to reduce the prices of 12 representative products, including Samyang Ramen, by an average of 4.7% starting from the 1st of next month.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
