[Special Stock] Samyang Foods Surges on Tariff Suspension... "28% Share in the Americas"
Samyang Foods is showing strong performance. It is interpreted that the news of U.S. President Donald Trump deciding to suspend reciprocal tariffs on major trading partners had an impact.
As of 10:16 AM on the 10th, Samyang Foods was traded at 868,000 KRW, up 74,000 KRW (9.32%) compared to the previous trading day.
It is believed that the tariff suspension news influenced this. On the 9th (local time), President Trump announced via SNS, "I have approved a 90-day suspension of tariffs, and during this period, only a low general tariff of about 10% will be imposed." However, he stated that tariffs on China would be increased to 125%.
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Samyang Foods produces products such as Buldak Bokkeum Myun domestically and exports them overseas, including to the United States. Last year, overseas sales exceeded 1 trillion KRW. Among export sales, the Americas, including the U.S., account for 28%.
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