Dow Hits Record High as Healthcare and Consumer Stocks Lead Wall Street Rally 
South Korea Central Bank Holds Interest Rates Steady Amid Inflation Concerns 
Boeing Wins Fraud Lawsuit Over 737 MAX Filed by LOT Polish Airlines 
Samsung to Invest $1.5 Billion in Vietnam Semiconductor Testing Plant by 2027 
Nikkei Hits Record High as AI Chip Stocks Power Japan Market Rally 
Ferrari Luce: How Ferrari Evolved From Hybrid Supercars to Its First Fully Electric Vehicle 
NHS shakeup: if it sounds like we’ve been here before, it’s because we have 
Salesforce Q1 FY2027 Earnings Beat Expectations Despite Soft Q2 Revenue Outlook 
Puerto Rico Economic Development Chief Resigns Amid Government Shake-Up 
SQM Q1 Profit More Than Doubles as Lithium Prices Surge 
RBNZ Holds Interest Rates Steady but Signals More Hikes Ahead in 2026 
Australia Inflation Cools in April as Fuel Prices Ease, But Core CPI Remains Sticky 
Uruguay Central Bank Holds Interest Rate at 5.75% Amid Inflation and Oil Price Concerns 
Samsung Workers Approve Wage Deal, Avoiding Major Strike and Boosting Chip Supply Confidence 
U.S. Launches New Strikes on Iran as Trump Signals Peace Deal Uncertainty 
SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO 
Synopsys Q2 FY2026 Earnings Beat Driven by AI and Semiconductor Demand 
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
