Foreign tourists visit the Buldak character "Peppo" lounge on the first floor of Samyang Foods' Myeong-dong headquarters and receive fans featuring Buldak Bokkeum Myeon and the Peppo character. [Samyang Foods]
Foreign tourists visit the Buldak character "Peppo" lounge on the first floor of Samyang Foods' Myeong-dong headquarters and receive fans featuring Buldak Bokkeum Myeon and the Peppo character. [Samyang Foods]

Samyang Foods will invest 218.6 billion won ($163 million) to build a production factory in Vietnam.

According to industry sources Thursday, Samyang Foods plans to complete the Vietnam factory by Jan. 31, 2029. To that end, the company will inject 131.1 billion won into a local Vietnamese production subsidiary, acquiring a 100 percent stake.

Samyang Foods said the Vietnam factory will allow it to separate regional production bases, spreading risks from geopolitical issues and logistics tariffs while steadily meeting rising demand in each market. Lower manufacturing costs are an added benefit.

The Vietnam factory will house eight production lines in total. One will be dedicated to non-fried noodle equipment — a first for any of the company's overseas factories. The remaining seven lines will be set up for fried noodle production.


siuu@heraldcorp.com