Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Contentious grain bill put directly to plenary meeting for vote

    Contentious grain bill put directly to plenary meeting for vote
  2. 2

    Yoon's approval rating plunges to all-time low

    Yoon's approval rating plunges to all-time low
  3. 3

    Will tug-of-war between doctors, government end soon?

    Will tug-of-war between doctors, government end soon?
  4. 4

    Climate impacts set to cut 2050 global GDP by nearly a fifth

    Climate impacts set to cut 2050 global GDP by nearly a fifth
  5. 5

    Trilateral talks acknowledge ‘serious’ slumps of won, yen

    Trilateral talks acknowledge ‘serious’ slumps of won, yen
  1. 6

    [Graphic News] More Koreans say they plan long-distance trips this year

    [Graphic News] More Koreans say they plan long-distance trips this year
  2. 7

    [KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs

    [KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
  3. 8

    North Korea removes streetlights along cross-border roads with South

    North Korea removes streetlights along cross-border roads with South
  4. 9

    Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official

    Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
  5. 10

    Farming households dip below 1m for first time in 2023

    Farming households dip below 1m for first time in 2023
소아쌤

Food companies expecting recovery in China business

By Yonhap

Published : Nov. 8, 2017 - 09:42

    • Link copied

Local food companies are expecting a recoup of their Chinese business from eased Seoul-Beijing diplomatic tensions as their sales already show signs of improvement, industry sources said Wednesday.

South Korea and China issued simultaneous statements last week saying they will put their relations back on a normal track, a sign that they will work past their conflict over the deployment of a US missile defense shield in South Korea. The spat that continued for over a year seriously hurt South Korean businesses that rely heavily on sales in China, which includes food.

Photo courtesy of Orion Corp. (Yonhap) Photo courtesy of Orion Corp. (Yonhap)

Food and snack company Orion Corp. said its Chinese business has been recovering from July, its sales in the neighbor nation returning to 90 percent of what they used to be last year before the conflict.

Company officials said they will expedite the release of new products in China that had been postponed, including two to three within this year.

Samyang Foods has made a success in China with its spicy instant noodles that the company said sold over 100 million so far. Its exports to China in the third quarter this year reached 24 billion won ($21.55 million).

Nongshim Co. said it will launch a marketing and sales campaign in China. Its officials said they are expecting a surplus in the Chinese market in the second half of this year. (Yonhap)

More from Headlines