South Korea’s Fair Trade Commission (KFTC) has launched a probe into allegations that instant noodle manufacturers have colluded to fix the price of noodles.


According to a report by Yonhap news agency, the KFTC has identified four Korean instant noodle makers, including industry leader Nong-Shim.


Other companies implicated are Sam Yang Foods and Ottogi Corp, the report claimed.


The inquiry follows a 16% jump  in the average price of ramyeon instant noodles since February. Price increases have been attributed to the soaring cost of raw materials.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now