Korean stock firm to be established in Laos

Korean capital is set to flow into the Laos stock market as Kolao Group a joint enterprise between Korea and Laos plans to set up a stock firm in the Southeast Asian country.

* Korean Exchange CEO praises opening of Lao stock market

* First Lao Securities Exchange opens

The CEO of Kolao, Oh Sei-young said on Tuesday that a letter of intent has been submitted to the Lao government and is awaiting final approval.

He also added that the stock firm which is a joint venture with Korea's IBK Securities will aim to become the nation's top player.

The Lao Securities Exchange, another collaboration with Korea opened earlier this month with transactions scheduled to begin in January, 2011.

Arirang News

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