Ottogi Corp., a major South Korean food company, said Thursday it will raise the prices of its "ramyeon," or instant noodle, ...

Samyang Foods, South Korea’s pioneer in instant ramyeon, found itself tasting defeat in the 1980s, when Nongshim stirred up the market and expanded into the nation’s dominant noodle maker.

Nongshim plans to raise the retail prices of 14 "ramyeon" products by 7.2 percent and three snack products by 7.4 percent starting March 17, the company said in a press release. In particular ...