Samyang Foods, the original ramen company from South Korea, has reached new heights with its stock soaring to an impressive ₩920,000 per share. This surge is propelled by the unprecedented success of their 'Buldak' spicy noodles, which have gained immense popularity globally. With the company's shares on a steady rise, speculations are rife about the possibility of Samyang Foods becoming a coveted 'golden stock' valued at ₩1 million or more.

The Korea Exchange recently reported that Samyang Foods closed at ₩886,000 on February 18th, marking a 1.61% increase from the previous trading day. Earlier the same day, the stock had peaked at ₩920,000, its highest price ever recorded, indicating a remarkable financial upturn for the company.

This remarkable growth is directly attributed to Samyang's outstanding financial performance in recent times.

In its preliminary 2024 financial results announced on February 5th, Samyang Foods boasted impressive figures:

- Revenue: ₩1.73 trillion (up by 45% Year-on-Year) - Operating profit: ₩344.2 billion (a remarkable increase of 133% Year-on-Year) - Net profit: ₩272.3 billion (a substantial growth of 115% Year-on-Year)

Notably, this marks a significant milestone for Samyang Foods as it is the first time in the company's history that the annual operating profit has surpassed ₩300 billion.

Originally introduced in April 2012, the 'Buldak Bokkeum Myeon' noodles gained widespread recognition only in 2014-2015, largely due to social media challenges that garnered immense attention worldwide. Factors like the 'Buldak Challenge', where individuals dared each other to consume the fiercely spicy noodles, and the endorsement from global sensation BTS, particularly member Jimin, played a pivotal role in enhancing the brand's visibility and driving its popularity.

As of February 17th, Samyang Foods' stock price has surged to ₩886,000, which is a substantial increase from ₩115,500 in August 2022 when BTS’s influence was publicly acknowledged by Kim Jung Soo, Samyang's Vice Chairman.

Amid the company's continuous global expansion efforts, industry analysts are revising their target prices for Samyang Foods:

- Kiwoom Securities: ₩1.2 million - IBK Investment & Securities: ₩1.08 million - DS Investment & Securities: ₩1.0 million

With strategic production expansions in North America, Europe, and China, many foresee that it won't be long before Samyang Foods' stock crosses the ₩1 million mark, solidifying its position as a sought-after 'golden stock' in the market.