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Instant noodle exports hit an all-time high of over $765 million (945.3 billion won) last year, powered by an increasing number of people having meals at home due to the COVID-19 pandemic. Data from Korea Customs Service showed that exports of instant noodles reached $765.43 million, up 13.5 percent from a year earlier.
Rep. Ahn Cheol-soo of the ruling People Power Party (PPP) is struggling to resuscitate his political influence, as his presence in the party's chairmanship race remains at a disappointing level despite his reputation as a former presidential candidate who then merged his campaign with President Yoon Suk-yeol's.
While nearly all major food companies here posted higher sales in the third quarter from a year earlier on the back of steep price increases, their operating profits showed mixed results. Companies that expanded their global businesses were found to have performed better than their peers who are heavily dependent on the domestic market amid the won's falling value against the dollar and soaring import prices of raw materials.
The ruling People Power Party (PPP) and the main opposition Democratic Party of Korea (DPK) are engaged in a political battle over the deadly Halloween crowd crush that claimed 156 lives in Seoul's nightlife district of Itaewon on Oct. 29. It is regrettable that the rival parties are busy playing politics, instead of working together to cope with the aftermath of the tragedy and map out preventive measures.
South Korean leaders have pledged to change how the country operates after a series of major accidents and disasters tarnished the image of a nation that rose to wealth from the rubble of a war in a few decades.