The Reason Ottogi, Trapped in the Shin Ramyun and Buldak Duopoly, Is Building a New Factory in Anyang

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With Shin Ramyun and Buldak Spicy Ramen recently forming a duopoly in the ramen market, Ottogi is pushing ahead with the construction of a new factory in Anyang and embarking on a business reorganization. The industry generally interprets this move as an attempt by Ottogi, which has relatively weak growth momentum, to find a new breakthrough. It is seen as a strategy to expand its business portfolio, focusing on Home Meal Replacement (HMR) and s…