This study is designed to analyze the determinants of management performance of Korean food processing industry, using firm-level financial statements data. The quantile regression method is applied to analyze the factors affecting management performance for each conditional quantile of food precessing firms. The results show that differences in asset size, labor equipment ratio, and intangible asset such as advertising intensity and R&D expense explain the gap of management performance across quantile group. The results revealed that the following measures are needed to enhance the management performance of the food manufacturing industry: First, it is necessary to come up with a plan to expand the size of small business entities (in terms of asset size or the number of employees) to increase the effect of the economy of scale for the food manufacturing industry. Second, in addition to facility investment, it is necessary to provide variable input-related support to small- and medium-sized food manufacturers so that they can smoothly cope with the changing demand in the market. Third, it is also necessary to come up with joint advertisement programs to help small and medium busineese save production costs. Lastly, it will be necessary to come up with a continuous investment plan for research and development for the enhancement of management in the food manufacturing industry.