Exports of South Korean seaweed and instant noodles are expected to hit new highs

Frozen Seaweed
South Korea
Market & Price Trends
Published Dec 11, 2023

Tridge summary

Korean food exports, including seaweed and instant noodles, have seen a significant increase, driven by the Korean Wave culture. Seaweed exports have reached a record high of $700.89 million, and could potentially reach $800 million by the end of the year. Instant noodles exports have also exceeded last year's numbers, with a goal of reaching $1 billion in exports this year, influenced by the global popularity of K-POP groups like BTS and BLACKPINK, as well as the success of films like "Parasite."
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Yonhap News Agency, Seoul, December 10th. Driven by the Korean Wave culture, the export of Korean food such as seaweed and instant noodles is booming. ​ According to data released by South Korea's Ministry of Oceans and Fisheries on the 10th, in the first 10 months of this year, seaweed exports reached US$670 million, a year-on-year increase of 20.4%. As of November 10, exports rose to US$700.89 million, setting a new record. It is expected that Export volume by the end of the year could reach US$800 million. ​ In terms of export destinations, the United States exports the most, followed by Japan, China, Thailand, Russia, etc. The Ministry of Maritime Water said that as a low-calorie health food, seaweed is very popular overseas, and the global market is growing rapidly. ​ According to data provided by the Korea Agriculture, Fisheries and Food Trade Corporation (aT), as of October this year, the export volume of instant noodles reached US$785.25 million, which has exceeded ...
Source: Foodmate
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