Hee-Jin Yeon

Global Economic News

SOUTH KOREAN food and confectionery conglomerate SPC Group is moving forward with advancing business in the Southeast Asian market.

Until now, the conglomerate seemingly focused primarily on expanding its territory abroad, but it now seems to be proceeding with the intention to grow in size by diversifying its profit structure through businesses in overseas markets.

SPC Group is planning to build global production facilities in Malaysia. In addition to launching its popular bakery chain Paris Baguette in Malaysia, the conglomerate plans to pursue various businesses in the region such as supplying raw materials for SPC GFS Co., SPC Group’s subsidiary specializing in food distribution, and launch Samlip General Food Co.’s local business.

SPC Group’s plans appear to involve utilizing Malaysia as a production hub in Southeast Asia and carry out a variety of businesses like establishing business in local markets of the area.

Malaysia is commonly considered as a hub for entering the halal food market. SPC Group had been using Singapore as its advanced base to enter Southeast Asian markets such as Vietnam and Cambodia and has been actively doing business in the regions.