South Korean food company Nongshim has unveiled plans to more than double its sales by 2030 and significantly increase the share of overseas revenue as part of its corporate value enhancement initiative.
On May 22, the company announced its mid-to-long-term business goals, aiming to reach approximately $5.4 billion in consolidated sales and achieve an operating profit margin of 10% by 2030.
To accelerate global growth, Nongshim will focus on expanding its noodle business in seven key markets: the United States, Mexico, Brazil, China, Japan, the United Kingdom, and India. The company plans to pursue innovation in products, distribution channels, and marketing by strengthening localization strategies, conducting detailed market research, adopting tailored global sales approaches suited to local distribution environments, and enhancing digital marketing capabilities.
For the snack segment, Nongshim intends to establish overseas production bases and form partnerships with prominent local players possessing market expertise. The goal is to develop this category into a second core business by prioritizing target countries and promoting strategic products to secure dominant market positions.
In the beverage sector, the company will collaborate with international partners to expand into the Asian market and enhance its brand value.
Through these efforts, Nongshim plans to increase the proportion of overseas sales from the current 37% to 61% by 2030.
To strengthen shareholder relations, the company announced a dividend policy with a payout ratio of 25% (based on separate financial statements) and a minimum annual dividend of $3.70 per share. Nongshim will implement a three-year shareholder return policy cycle to improve predictability and ensure a stable dividend inflow through the guaranteed minimum payout.
A company spokesperson stated, “We will utilize retained earnings and operating cash flow generated from increased sales to fund capital investments and return value to shareholders. By maintaining a stable debt ratio, we aim to minimize financial costs and establish a virtuous cycle that expands distributable profits.”
