Seoul: Otoki Corp., a major South Korean food company formerly known as Ottogi, announced its ambitious goal to achieve overseas sales of 1.1 trillion won (US$750 million) by 2030 through expanded production.
According to Yonhap News Agency, the company's target represents a significant increase from the 361.4 billion won in overseas sales recorded in 2024. This 2024 figure accounted for nearly 10 percent of Otoki's total sales, which stood at 3.54 trillion won.
Otoki's Chief Executive Officer, Hwang Sung-man, emphasized the company's commitment to exploring global markets, particularly focusing on the halal food markets in Southeast Asia and the Middle East. Halal food products are prepared according to Islamic Sharia law, encompassing a wide range of items beyond just meat, including fruits and vegetables.
To meet its 2030 sales target, Otoki plans to complete a "global logistics center" in Korea by April next year. Additionally, the company aims to establish a ramyeon plant in the United States by 2027. Otoki, known for its Jin Ramen product, currently operates several domestic logistics centers and production facilities in Korea, Vietnam, and New Zealand.
The company officially changed its name from Ottogi to Otoki during this year's shareholders' meeting.