Nongshim Co., Ltd.

Climate Impact & Sustainability Data (2008, 2022)

Launched 'Customer Reassurance Project' focusing on food safety and quality control from raw material sourcing to distribution and post-sales management.
Completed construction of Noksan factory, a non-frying (Non-frying) dedicated factory for Well-being products in 2007.

Initiated 'Food Sector Basic Research Project' supporting academic advancement in the food sector.
Participated in the Taean Peninsula oil spill cleanup efforts.
Provided product support and facility maintenance to 23 welfare facilities in local communities.
Established a systematic social contribution system, including the Happy Fund and Donation Bank.
Implemented 'Hong Dae-ri's Fun Tea Time' program, delivering Nongshim products to underprivileged communities.

Completed corporate restructuring in 2003, establishing a holding company system, which received positive feedback from investors regarding improved corporate governance and shareholder-centric management.

Medium-term Goals:

Develop Nongshim Food Culture Center into a global mecca for food culture by 2018.
Achieve over 5% market share in China by 2015.

Short-term Goals:

Rising raw material prices.
Global economic crisis leading to decreased consumer sentiment.
Food safety issues.
Decreased sales of shrimp crackers (Saewukang).
Increased competition in the instant rice market due to the launch of functional products.
Increased competition in the beverage market.
Fluctuations in exchange rates and rising raw material costs impacting profitability.

Operated a situation room for risk management.
Implemented PI (Process Innovation) and MI (Market Innovation) projects.
Launched premium new products.
Implemented detailed execution strategies for vision achievement.
Strengthened competitiveness through the 'Customer Reassurance Project' and the launch of high-functional, customer-oriented confectionery products.
Expanded production capacity and sales infrastructure for Samdasu (water brand).
Strengthened partnerships with global brands.
Launched new products.
Developed diversified operating strategies for new products and strengthened distribution competitiveness.
Implemented thorough risk management and cost-cutting efforts.

Production of eco-friendly products
Reduced packaging materials and disposable products (Selected as the best company at the "14th Resource Recycling Day")
Solar power generation facilities

Support for beekeeping business for biodiversity preservation
Emergency Food Pack Supporting the Food Bank 3 years in a row
Drawing contest for children with cancer
Win-win Growth Index Evaluation (Korea Commission for Corporate Partnership) Best level for 4 consecutive years
Instant noodle category of NCSI (National Customer Satisfaction Index) No. 1 for 10 consecutive years
Good Company Award
Prime Minister Commendation

Selected as the best company in the food & medicine, textile, and paper industries by CCEJ (Citizens’ Coalition for Economic Justice)
ESG governance and stronger execution power
Advance ESG management
Enhance ethical management

Global supply chain disruption caused by disputes between countries and concerns about global economic recession
Price fluctuations of raw materials
Slowing down of consumption capacity and growth potential in the domestic market due to population decline

Management guideline "Rebuild on a Firm Foundation" focusing on strengthening fundamentals in overall management
Strategic directions for 2023: expanding global business, improving management efficiency, and diversifying business portfolios
Investments in future-oriented infrastructure, such as advanced IT environment, digital transformation, and preemptive response to ESG issues
Business diversification through health functional food, vertical farming solution, food service categories, and M&As

Good Company Award
Prime Minister Commendation
Selected as the best company at the "14th Resource Recycling Day"
Selected as the best company in the food & medicine, textile, and paper industries by CCEJ