Nongshim Overseas Share Reaches 40% as U.S., China and Europe Grow

Nongshim is analyzed to have expanded its overseas sales share to around 40%, supported by growth in the U.S., China and Europe. As its sales base broadens across key global markets, overseas business is taking on greater importance in the company’s performance. The Noksan export plant, expected to begin operations by year-end, is also cited as a factor raising expectations for stronger overseas supply capacity and export growth. However, the outlook is based on current overseas momentum and expectations for the plant, and concrete earnings effects will need to be confirmed later. Source: hankyung.com