K-food, beauty franchise stores look to foray into Laos – KED Global ...Middle East

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K-food, beauty franchise stores look to foray into Laos – KED Global
A Kolao official (right) signs an MOU with a Korean company representative (Courtesy of KOTRA) Laos’ largest private company Kolao Group has attracted about a dozen South Korean franchise operators to join its aggressive push into the Southeast Asian country’s retail market, according to South Korea’s state-run trade agency on Monday. Kolao, a portmanteau of Korea and Laos, has signed memoranda of understanding with 13 Korean franchise companies in the sectors from food to beauty products and indoor play gyms for kids over the past three months, so they can open stores within Kolao-run malls in Laos, or ship their products to them. The preliminary agreements translate into a combined $2.75

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