Singkham  

(KPL) Nine producers of construction-related materials and organic cosmetics from the Republic of Korea are seeking market opportunities in Laos ahead of ASEAN Economic Community (AEC) integration.

They are now looking for local importers or sales agents to sell their products in the country, according to an official from the Korea Business Centre (KOTRA) of the Embassy of the Republic of Korea.

At KOTRA’s 2015 Trade Mission held in Vientiane yesterday, Assistant Manager of KOTRA, Ms Visouda Ladsavong, said that Korea producers are looking to sell their products in the country because Laos is a new market and is preparing itself for integrating into the AEC at the end of this year.

“The one-day meeting provided Korean producers and Lao buyers an opportunity to meet, discuss and build cooperation and business partnerships,” said Ms Visouda.    The nine Korean companies presenting their products at the event included Diplomat Safe, SEOWON, Dong-A Electronic, Hyundai Entec, ST Eng, Hanyang Valve Ind., Taehwa Kalpa Seal, Tae Shin Gas & Welder and Tae-Il Industrial Co.

“More than 24 local companies showed interest in the Korean products at the event,” said Ms Visouda.

“Many construction materials have attracted interest as they are affordable high quality products and have a three-year warrantee,” said President of SP Construction Electric Pumping, Mr Syamphay Mingboupha.

“It is possible that we will build business partnerships with some Korean producers to be sales agents in Laos, particularly construction materials for the electricity and water supply industries,” he said.

KOTRA is working as a coordinator in the Lao PDR to assist local buyers and Korean producers in creating business partnerships and cooperation.

This is the second Trade Mission organised by KOTRA in Laos this year.  The Trade Missions are held four times per year.

KPL