Otoki bets W200b on global ramyeon demand

Otoki Ramyon, the instant noodle manufacturing affiliate of Korean food company Otoki, said Monday it would invest 200 billion won ($133 million) to build a new export-dedicated production facility in Gumi, North Gyeongsang Province, to cope with increasing global demand for Korean instant noodles.

Under a memorandum of understanding with the local governments of Gumi and North Gyeongsang Province, Otoki Ramyon said it will create 120 new jobs as it aims to complete the construction of the new f