What Are the Strategies for K-Food's Global Expansion?... Samil PwC to Hold Seminar

"Taste the Future: A New Journey Opened by K-Food"

Samil PwC announced on November 12 that it will hold a seminar titled "Taste the Future: A New Journey Opened by K-Food" at 2 p.m. on December 9 at the TS Hall on the 17th floor of its headquarters in Yongsan-gu, Seoul.

This seminar is aimed at Chief Financial Officers (CFOs) and executives in strategy, planning, and finance from food manufacturing, distribution, and food service companies, as well as companies considering global expansion. It will comprehensively address strategies for K-Food's entry into the global market, trends in food technology, and the impact of the adoption of IFRS 18 (Presentation and Disclosure of Financial Statements), providing practical insights that can be applied to real-world operations.

With K-Food continuing its global growth and management complexity increasing, the adoption of IFRS 18 is also expected to bring significant changes to the financial reporting framework. Hosted by Samil's Food & Beverage Sector expert group, this seminar will offer a comprehensive perspective on these environmental changes from the viewpoints of strategy, technology, and accounting, and will present practical solutions through real-world experiences and case studies.

In the first session, Oh Sunju, Senior Research Fellow at Samil PwC Management Research Institute, will review the current status of K-Food's global expansion in the food industry and present future prospects. This will be followed by a presentation on global market entry strategies for the food industry by Lee Joohyung, Partner at PwC Consulting, and a practical methodology for global expansion based on U.S. market entry cases by Jung Minwoo, Partner at Samil PwC.

The second session will feature Kim Seohyun, Director of the Korea AI and Robot Industry Association, and Heo Shinuuk, Partner at PwC Consulting, who will each present on food robots and artificial intelligence (AI) adoption cases as core technologies ushering in the food tech era. Lee Seunghoon, Partner at Samil PwC, will then broadly discuss the practical impact of the newly applied IFRS 18 accounting standards in the food industry.

Lee Seunghoon, Food & Beverage Leader at Samil PwC and planner of this seminar, stated, "In the current phase of K-Food's global expansion, strategy, technology, and accounting must be aligned simultaneously to secure competitiveness." He added, "Through this seminar, we hope to deeply explore strategies for entering key markets such as the United States, food tech application cases, and changes to the financial reporting framework following the adoption of IFRS 18 from a practical perspective, and to create a meaningful opportunity for industry experts to share insights."

Applications to participate in the seminar can be submitted on the Samil PwC website until December 1, and attendance information will be provided individually only to those who pre-register.

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