While nearly all major food companies here posted higher sales in the third quarter from a year earlier on the back of steep price increases, their operating profits showed mixed results. Companies that expanded their global businesses were found to have performed better than their peers who are heavily dependent on the domestic market amid the won s falling value against the dollar and soaring import prices of raw materials.
A South Korean food manufacturer is currently in discussion with potential companies in Qatar and its Gulf Co-operation Council neighbours that have expressed