RBC Capital: European Medtech Firms Show Minimal Middle East and Energy Risk Exposure 
Annie Altman Amends Sexual Abuse Lawsuit Against OpenAI CEO Sam Altman 
Oil Prices Surge as U.S.-Iran Conflict Threatens Global Supply 
Fonterra Admits Anchor Butter "Grass-Fed" Label Misled Consumers After Greenpeace Lawsuit 
Trump Administration Plans 100% Tariffs on Pharmaceutical Imports 
Iran's Stranglehold on the Strait of Hormuz: What It Means for Global Markets 
Microsoft Eyes $7B Texas Energy Deal to Power AI Data Centers 
U.S. Job Market Braces for Slow Recovery Amid Middle East Tensions and Economic Uncertainty 
Nike Beats Q3 Estimates but China Weakness and Margin Pressure Weigh on Outlook 
Cathay Pacific Holds Firm on Flight Capacity Amid Middle East Conflict and Rising Fuel Costs 
China's Services Sector Maintains Growth Streak Despite March Slowdown 
Trump's FY2027 Budget: Major Defense Boost and Domestic Spending Cuts 
U.S. Warplane Shot Down by Iran Amid Escalating Middle East Conflict 
U.S. Futures Drop as Trump Issues Iran Military Deadline, Oil Prices Jump 
Strait of Hormuz Crisis Fuels Oil Surge as Asian Markets Brace for Impact 
Vietnam GDP Growth Slows in Q1 2026 Amid Middle East Oil Crisis 
Eli Lilly and Insilico Medicine Forge $2.75 Billion AI-Driven Drug Discovery Deal 
SPC Samlip, a South Korean food company, announced this week it has signed a memorandum of understanding (MOU) with Siam Makro to enter the Thai bakery market through a joint venture. The companies will set up a JV, and this deal was revealed on Monday, March 6.
Siam Makro is an affiliate of CP Group, the largest company in Thailand, and it has officially teamed up with SPC Samlip this year. They originally held a contract signing ceremony last month at the Intercontinental Hotel COEX in Seoul.
The deal is said to be the very first partnership that SPC Samlip has agreed to with a foreign company. This move is part of its plan to advance in overseas markets.
As per The Korea Herald, it was stated in the agreement that SPC Samlip and Siam Makro would establish a joint venture for both the production and distribution of different bakery products in Thailand. They also have plans to work on other related projects later.
"Through this agreement, we plan to further expand our business in the Southeast Asian market," an official of SPC Samlip stated. "Based on our competence in leading the domestic bakery market, we will promote the excellence of Korean bakeries in the Thai market."
To commence the business partnership, SPC Samlip will start with a consignment operation of its bakery products in in-store retail outlets of Siam Makro in Thailand and some Southeast Asian nations. The company will also share its know-how in operating a bakery business, especially in quality management and product development areas.
"Under the agreement, we will begin our bakery business in Thailand and expand it further in the Southeast Asian market,” The Korea Times further quoted an SPC Samlip official as saying. “We will also promote the excellence of Korean baked goods in Thailand based on our business experience that has led the domestic market in Korea."
Photo by: Yeh Xintong/Unsplash
