Korean products ride on global success of BTS, Squid Game, Parasite and other entertainment hits
- South Korea’s entertainment industry is bringing Korean brands into the mainstream, from the country’s oldest ramen noodle brand to BTS-endorsed water purifiers
- Squid Game popularised dalgona candy, turning the show’s deadly contest into a TikTok challenge, while Korean mandu are gaining ground on Chinese dumplings
The global popularity of South Korean entertainment is luring consumers to embrace the country’s culture and cuisine, fuelling sales around the world of items ranging from mandu dumplings to water purifiers hawked by boy band BTS.
1. CJ CheilJedang’s dumplings
The hidden history of xiaolongbao, Shanghai’s famous soup dumplings
CJ’s 2019 acquisition of American brand Schwan’s helped the Korean company increase sales in the US food market by utilising Schwan’s distribution channels and local factories.
Unlike Chinese dumplings, long popular with Western eaters, the mandu sold in the US under CJ CheilJedang’s Bibigo brand feature a thin wrap with a mix of chicken and coriander. YouTubers showing how to steam or fry the mandu are also proliferating. Mandu typically have a thinner wrap and more ingredients in their filling than dumplings from neighbouring China.
“Food is the easiest way to experience a country’s culture,” says Jo Mi-jin, an analyst at NH Investment & Securities in Seoul. “The success of K-content is giving a positive signal to Korean food makers, while the global demand for the foods has been rising during the pandemic.”
2. Nongshim instant noodles
Instant-noodle maker Nongshim’s stock spiked after one of Parasite’s female characters cooked two of its products – Chapagetti and Neoguri – to show how some Koreans might jazz up cheap ready-made noodles by adding expensive beef.
Nongshim’s overseas sales jumped 24 per cent year-on-year in 2020, to US$990 million, after the movie received the Academy Award for best picture in 2020. The company believes Parasite’s popularity contributed to the craze for its instant noodles.
It also resonated at home, with a 60 per cent surge in domestic sales of the two products in the three days following the Oscar win.
The Seoul-headquartered firm is building a second factory in the US, to increase capacity to sell up to 850 million packets of noodles in North and South America.
Nongshim’s biggest product, Shin Ramyun, is South Korea’s most popular instant noodle. Koreans’ consumption of the noodles per capita is the world’s highest, with an average of 80 packages consumed per year, according to the World Instant Noodles Association.
3. Dalgona (sugar candy)
Dalgona, a nostalgic honeycomb-like sugar candy also known as ppopgi, is resurging in popularity after Squid Game’s competitors famously had trouble cutting it into shapes.
The candy has gone viral on social media, with people on TikTok and YouTube trying to cut the hard candy into shapes including stars and circles, just like the participants of the deadly Squid Game. Part of the allure of making the candy while locked down during the pandemic is the simplicity of the ingredients – would-be dalgona makers need little more than sugar and soda.
4. Samyang ramen
Samyang Ramen – the country’s oldest ramen brand, owned by Seoul’s Samyang Foods – was exposed to tens of millions of viewers worldwide when the host of Squid Game’s deadly follies suggested the show’s main character taste the noodles at a convenience store.
About half of its sales come from abroad and nearly 80 per cent of overseas sales were of its Hot Chicken Flavor ramen, a super-spicy flavour particularly popular in China. Some foreign consumers have even held their own contests to eat the spicy noodles as quickly as possible – they’re so hot that even Koreans have been known to struggle.
5. Coway air and water purifiers
It’s not just food companies that are luring new customers overseas. Korean air and water purifier maker Coway has used BTS to advertise its products – which include mattresses – since March.
The move has paid off as Korean singers’ popularity skyrockets in markets including the US, with Coway reporting record total sales for the third quarter, driven by 43 per cent growth in Malaysia and 12 per cent in the US.
In one advertisement, the seven members of the boy band sit around Coway’s two newly released water purifiers, discussing which one they would choose, including whether they want a device that instantly makes ice and sparkling water. One of the singers concludes: “Why so serious? Whichever you choose, it’s Coway!”
In another, each artist dances and spins around a premium purifier model to a hip-hop beat. Then there are the ads for Coway’s mattresses, which feature the heartthrobs of BTS sleeping peacefully on their backs.