China News Service, March 27. According to Korean media reports, in the early morning of the 27th local time, South Korean Nongshim Group founder Xin Chunhao passed away due to illness.
During his tenure, he developed many products that are popular among consumers, such as Shin Ramen, Olive Oil Fried Noodles, and Fresh Shrimp Crackers.
According to reports, Xin Chunhao recently relapsed due to an old illness and was hospitalized at Seoul National University Hospital.
Xu passed away at 3:38 a.m. on March 27th local time.
The funeral will be held at Seoul National University Hospital on the 30th.
According to reports, Xin Chunhao was born in 1930 and is the younger brother of Xin Gehao, the founder of the late Lotte Group and the honorary chairman of Lotte Group.
He founded Nongshim Corporation in 1965 and served as the representative director and president. Later, in 1992, the company was upgraded to a group and served as the president.
During his tenure, Xin Chunhao developed Sin Ramen, Olive Oil Fried Noodles, Fresh Shrimp Crackers and other products that are popular among consumers.
According to reports, the Nongshim shareholders meeting did not submit a proposal to re-appoint Xin Chunhao as an internal director on the 25th of this month. Xin Chunhao completely withdrew from the front line of business. His eldest son and Nongshim vice chairman Xin Dongyuan will take over as the head of the company.