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Share Packaged instant noodle products are stacked up at a discount store in Seoul on Monday. Customs data shows exports of South Korean ramen rose to an all-time high in the first half of the year. YONHAP NEWS AGENCY South Korean instant noodle exports hit record high Tue, 27 July 2021 In a sign of growing popularity, revenue from South Korean instant noodle exports reached a record high of 368.7 billion won ($319 million) during the first half of this year, according to data from the Korea Customs Service. The figure broke the previous record of $302.8 million set the same time one year ago and was up 5.8 per cent. ....
Instant noodle exports hit new high in H1 amid pandemic Instant noodle exports hit new high. South Koreas instant noodle exports touched an all-time high in the first half of the year amid the coronavirus pandemic, data showed Monday. Asia s fourth-largest economy exported $319.68 million worth of instant noodles, or ramyeon in Korean, in the January-June period, up 5.8 percent from a year earlier, according to the data from the Korea Customs Service. The amount was above the previous first-half record of $302.08 million set a year earlier. Yet the first-half growth rate was well lower than the 37.4 percent surge during the first half of last year due mainly to a 15.8 percent on-year fall in shipments to China, the largest export destination. ....
South Korea's instant noodle exports hit new record-high during the pandemic econotimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from econotimes.com Daily Mail and Mail on Sunday newspapers.
South Korea reports export boom in silicon, wireless comms, and instant noodles theregister.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theregister.com Daily Mail and Mail on Sunday newspapers.
Korea to issue FX bonds buoyed by solid ratings outlooks Posted : 2021-07-25 16:32 Korea relatively insulated from worldwide sovereign credit downgrades By Lee Kyung-min The Ministry of Economy and Finance plans to issue $1.5 billion (1.7 trillion won) worth of foreign exchange stabilization bonds (forex bonds) in the U.S. and Europe on the back of foreign investors high assessment of the country s economy, as evidenced by stable sovereign credit ratings and outlook from three global rating agencies. This is the latest effort to draw greater foreign investment via issuing dollar- and euro-denominated bonds at lower-than-expected yields, which translates into decreased overseas borrowing costs for local state-run and private firms. ....