Nongshim announced on the 22nd a corporate value enhancement plan to achieve a consolidated revenue of 7.3 trillion won by 2030 and to increase its operating profit margin to 10% as part of its mid-to-long-term management goals.
According to the Financial Supervisory Service electronic disclosure system, this plan, which was finalized through a board resolution, focuses on ▲ advancing governance ▲ improving capital efficiency and financial soundness ▲ expanding shareholder returns ▲ enhancing competitiveness in core businesses. The plan aims to strengthen the accountability of management and raise the return on equity (ROE) above the cost of equity (COE) to improve financial soundness.
In particular, the noodle business, which accounts for more than 50% of Nongshim's revenue, plans to target overseas markets, focusing on seven countries: Brazil, India, the United States, Mexico, the United Kingdom, Japan, and China. The snack business is also viewed as a "second core business," and there are plans to actively promote its growth. It appears that the company intends to expand into overseas markets by establishing local production bases and pursuing partnerships with leading foreign companies that have expertise.
Nongshim has set a dividend payout ratio of 25% and a minimum dividend of 5,000 won to expand shareholder returns. Additionally, the company plans to invest a total of 1.2 trillion won in logistics facilities at the Noksan new factory by 2029, utilizing existing reserve funds.
In terms of governance, the company also set a goal to raise compliance with key indicators to 80% by 2030. Furthermore, it plans to strengthen communication with shareholders through proactive investor relations activities.