Nongshim sets overseas growth targets in value-up plan

Nongshim, a maker of ramen, snacks and beverages, aims for consolidated revenue of 7.3 trillion won ($5.11 billion) by 2030 under a value-up plan focused on overseas growth.

The plan also calls for a 10 percent operating-profit margin and for overseas business to account for 61 percent by 2030.

In China, the United States, Canada, Japan, Oceania and Vietnam, it focuses on entering new regions while fostering the Shin brand and premium products. In Europe, it will strengthen distribution infrastructure using the company's sales subsidiaries as a base.

Korea's ramen market is entering a low-volume-growth phase amid demographic and lifestyle changes, while pursuing qualitative growth through demand for convenience and premium products. Ramen sales totaled 801 billion won ($560 million) in the first quarter of 2026, accounting for 85.8 percent of total sales.

The shareholder-return package sets a minimum dividend of 5,000 won per share and a dividend payout-ratio target of 25 percent on a standalone basis. Nongshim also plans to cancel reacquired treasury shares by the end of January 2027 and set an 80 percent target for key corporate-governance indicators. Nongshim is not a high-dividend company.