Nongshim to establish Russian corporation

*This content was translated by AI.

Nongshim has completed a "Nongshim Network" that connects the Eurasian continent.

Nongshim will speed up global territorial expansion by establishing a Russian subsidiary this year following the establishment of a European subsidiary last year.

Nongshim will establish "Nongsim Russia LLC," a local sales corporation in Moscow, Russia, in June. It is a new corporation a year and three months after establishing a European subsidiary in the Netherlands in March 2025, which means that it will target the high-growth Russian ramen market in earnest and establish a base for targeting the Eurasian Ramen Market that encompasses the entire CIS (Independent Nations) region.

Nongshim decided to establish a corporation by paying attention to the growth potential of the local ramen market in Russia. According to Euromonitor, a global market research company, the Russian ramen market is expected to grow at an annual average of 10 percent from 2021 to 2030, expanding to about $1.05 billion (KRW 1.5 trillion).

Nongshim Russia Corporation is established in the capital Moscow. Nongshim's strategy is to first target the western market, where more than 70% of Russia's economic power is concentrated through corporations, and expand its scope to the central and Far East regions through local companies.

Busan's "Noksan Export-Exclusive Factory," which is scheduled to be completed in the second half of this year, will play a role in supplying products. Based on sufficient production capacity, Nongshim plans to increase the supply of local preference products such as raccoons and kimchi ramen as well as Shin Ramen, and quickly introduce trendy new products such as Shin Ramen Tomba and Shin Ramen Kimchi Stir-fried noodles.

The Russian subsidiary plans to expand its sales network to major CIS countries economically connected to Russia, such as Kazakhstan and Uzbekistan, and play a key role in targeting the Central Asian market.

An official of Nongshim who spoke to this newspaper by phone said, "The goal is to achieve $30 million in corporate sales by expanding the territory of Nongshim not only to Russia but also to CIS through a Russian corporation."

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*This content was translated by AI.