SPC Group

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SPC Group

Native name	에스피씨 그룹
Type	Public
Industry	Food
Founded	October 28, 1945; 75 years ago (1945-10-28)
Headquarters	Seoul, South Korea
Key people	Hur Young-in (Chairman)
Products	Bread, Confectionery, Food Service
Revenue	₩ 6.5 trillion; US$ 5.7 billion (2020)[1]
Subsidiaries	Samlip General Food Paris Croissant BR Korea
Website	http://www.spc.co.kr

SPC Group is a South Korean food company based in Seoul that manufactures food, bread and confectionery products. Sangmidang, the precursor of Samlip General Food was founded in 1945, and the group was launched in 2004. SPC Group is one of the oldest brands in the confectionery and bakery industry in Korea. Its catering centers are based in Seongnam, Gyeonggi-do.

In addition to Samlip General Food and Shany, SPC Group has market-leading franchise brands such as Paris Croissant (Bakery) and BR Korea (Donuts and Ice-cream) as subsidiaries. The company also has SPL, SPC Capital, Samlip GFS and Mildawon, to name a few, as subsidiary companies, further broadening business scope with overseas establishments in the United States, China, Vietnam, and Singapore.

"SPC" stands for "Samlip/Shany," "Paris Croissant," and "Companies (including BR Korea and other subsidiaries of today and tomorrow)."

History[]

In 1945, Hur Chang-sung, start a small confectionery outfit named Sangmidang. Later on in 1959, the business started to take off and changed to name Samlip. A couple of years later, Samlip began to produce bread and biscuits. His business was aligned with the government policies. It helps to feed the public as the country struggled to rebuild itself after the Korean War. Soon enough, a cream-filled pastry became the first to hit the shelves in Korea. Samlip's quality was high for sales in US military camps. In the late 1960s, there were many rivals including Koryo Dang Bakery, Tae Geuk Dang and New York Bakery hit the scene. In 1972, Hur set up another arm called Shany to specialize in High-end cakes. Eventually, Hur's son, Hur Young-in oversaw Shany's operation and took over Samlip group.^[2]

Subsidiaries[]

Samlip General Food[]

Samlip General Food (KRX: 005610) is headquartered in Siheung. Samlip General Food, formerly known as Sangmidang, was established in October 1945 by Hur Chang-sung,^[3] and is a forerunner of the SPC Group. It makes bread and confectionery products. Its manufacturing centers are based in Jeongwang-dong Siheung Gyeonggi-do and Daegu. The company’s Core Identity was further reinforced through the acquisition of Shany, a high-end cake brand established in 1972. Samlip is also diversifying its business into tteok (Korean rice cake) and restaurant franchising.

Shany[]

The company is headquartered in Seongnam. It was established in October 15, 1972^[4] under the previous name Hankook International Foods. It makes bread and confectionery products. Its manufacturing centers are based in Sangdaewon-dong Seongnam Gyeonggi-do, Gwangju and Daegu. The company was incorporated a group member by Samlip General Food.

Paris Croissant

Paris Croissant CI
Type	Public
Industry	Food
Key people	Cho Sang-ho (CEO)
Products	Baguette, Croissant, Cake in Bread, Confectionery
Revenue	1.51 Billion USD (2013)

Paris Croissant[]

Paris Croissant is a South Korean franchise bakery that utilizes authentic French baking. In 1988, Paris Croissant launched Paris Baguette, which grew into a top bakery café franchise brand in Korea. With the expansion into the Chinese market in 2004, the company began going global and now has local subsidiaries in the US, Vietnam, and Singapore. Other F&B brands include Paris Croissant Café (premium bakery café), Pascucci (Italian espresso café), LINA’s and Tamati (sandwich), Passion5 (upscale dessert gallery), L’atelier (café restaurant), and Jamba Juice (smoothie). The company is also rapidly gaining traction in the restaurant industry with brands such as Queens Park (organic), LaGrilla (Italian), The World Vine (wine), Parlour (European casual cuisine)and Vera Napoli. 2013 Revenue of USD $1.51 Billion. In the United States, Paris Baguette is named as Paris Baguette Café. Most of Paris Baguette Café's chains are located near the Los Angeles metropolitan area and is substantially increasing ever since 2008. It has stores in California, New York, New Jersey, Massachusetts and Pennsylvania.

BR Korea[]

BR Korea is a joint venture established by the SPC Group and Dunkin' Brands, Inc. in 1985. In the first year, the company launched Baskin Robbins, cultivating the premium ice cream market in Korea. In 1993, BR Korea launched Dunkin' Donuts, leading the way to dominating the donut segment of the Korean baked goods market. Due to much continuous growth, BR Korea now operates over 1800 Baskin Robbins and Dunkin' Donuts brand stores. Ice cream is produced in BR Korea's Eumseung plant with a certified Hazard Analysis Critical Control Points system (HACCP), and coffee beans are roasted in BR Korea's large-scale roasting center.

Other Subsidiaries[]

• SPC Logistics
• SPC Cloud
• SPC Networks
• SPC Capital
• Samlip GFS
• Sungil Chemical
• Mildawon
• S dairy Foods

Social Contribution[]

• Happy Scholarship

SPC group support university students who have a part-time job in branch of SPC. SPC give them half of the scholarship.

• Happy bread distributor

Brands[]

See also[]

• Economy of South Korea
• Hur Young-in

External links[]

• SPC Group (in English)

References[]