Why Laos Is A Hyundai/Kia Country: Kolao
According to estimates by the Korea Trade-Investment Promotion Agency, a Hyundai/Kia dealership called Kolao Holdings is the biggest nonstate company in Laos, where the government runs most businesses.
Kolao has an unusual business format: founded by a Korean, registered as a Lao company, and listed on Korea’s main stock market Kospi from 2010.The Hyundai-Kia combination overtook Toyota Motor Corp. in Laos this year, grabbing a 37% share of the imported car market. But Kolao Holdings is looking beyond the business of selling Hyundai and Kia cars and motorcycles: It created its own brand, Daehan, which will ….