Nongshim to Establish Russian Subsidiary for Eurasian Market Expansion
South Korean food company Nongshim announced plans to establish a new subsidiary in Russia, aiming to significantly expand its presence and market share across the Eurasian region.
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Nongshim to establish Russian subsidiary to expand Eurasian presence
Nongshim Co., South Korea's leading instant noodle maker, said Wednesday it will establish a subsidiary in Russia in June as part of its strategy to expand into the Eurasian market. Nongshim will set up Nongshim Rus LLC in Moscow to meet growing demand for instant noodles, called "ramyeon," in Russia and the Commonwealth of Independent States, the company said in a press release. The Russian ramyeon market is expected to grow to 1.5 trillion won ($1.05 billion) by 2030 from $790 million in 2025,
By The Korea Herald
Read full article →Nongshim to establish Russian subsidiary to expand Eurasian presence - Yonhap News Agency
Nongshim to establish Russian subsidiary to expand Eurasian presence Yonhap News Agency
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