SPC Samlip and SK Sign Business Agreement for ESG Management in 'Sustainable Food Business'

At the SK Seorin Building, Kim Beom-su, Head of SPC Samlip (right), and Kim Mu-hwan, Head of the Green Investment Center at SK Corporation (left), are signing a business agreement and taking a commemorative photo.

[Asia Economy Reporter Seungjin Lee] SPC Samlip announced on the 1st that it has signed a Memorandum of Understanding (MOU) with SK Inc. to expand future food business as part of ESG (Environmental, Social, and Governance) management.

This business agreement was promoted to jointly invest and cooperate in an eco-friendly and sustainable food business, as both companies recognized the necessity of innovation in future food business considering ESG factors such as environment and health.

Through the agreement, both companies will explore various business opportunities in sustainable food sectors such as plant-based alternative foods, fermented foods, and food tech.

To this end, SK Inc. will seek investment opportunities in promising global companies in the sustainable alternative food sector and lead domestic introduction through technology acquisition. SPC Samlip will review business feasibility in domestic and Asian markets based on its expertise in the food business and infrastructure in production, distribution, and research and development (R&D), and proceed with investments in promising companies together with SK Inc.

As their first project, the two companies are reviewing business with food tech companies such as Perfect Day, a leading US fermented protein company, and Meatless Farm, which leads the UK alternative meat market.

Meanwhile, reflecting the increased consumer demand for healthy food, SPC Samlip is accelerating the expansion of future food business by forming strategic partnerships with food tech companies such as Eat Just, famous for the 100% plant-based alternative egg “Just Egg,” and Chobani, the No.1 Greek yogurt brand in the US that uses milk from cows raised under animal welfare programs.

Additionally, as part of its ESG campaign, SPC Samlip is taking the lead in creating a healthy and sustainable food culture by expanding the application of eco-friendly packaging materials (Pig in the Garden) and launching animal welfare products (Greek Schwein animal welfare canned ham).

An SPC Samlip official said, “We are carrying out various businesses to promote a healthy future food culture as part of ESG management,” adding, “This strategic collaboration with SK is one of them, and we will lead the future food business going forward.”

This content was produced with the assistance of AI translation services.