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Kakao Mobility to Enter Laos This Year

Source: EconoTimes

Kakao Mobility will establish a mobility platform in Laos and a service suited for the Laotian market this year with Vietnamese mobility firm LVMC Holdings.

According to Kakao Mobility, they will continue to create successful overseas expansion cases that demonstrate global competitiveness in Southeast Asia, a major mobility market.

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The plan places Kakao Mobility in fierce competition with Gozek and Grab, the two dominant players in Southeast Asia.

Kakao Mobility is operating in 32 countries in Europe, Southeast Asia, and the Middle East.

LVMC Holdings, the largest vehicle seller in Laos and the second-largest commercial car sales company in Vietnam, manufactures and produces cars and motorcycles on the Indochina Peninsula, including in Myanmar and Cambodia.