Tourists eat ramyeon at the CU Hongdae Sangsang branch in Mapo District, western Seoul, on March 12. Ramyeon exports reached a monthly record of $121.53 million last month, data from the Korea ...

Samyang Foods, South Korea’s pioneer in instant ramyeon, found itself tasting defeat in the 1980s, when Nongshim stirred up the market and expanded into the nation’s dominant noodle maker.

Nongshim plans to raise the retail prices of 14 "ramyeon" products by 7.2 percent and three snack products by 7.4 percent starting March 17, the company said in a press release. In particular ...