K-Market to expand network with VinGroup

Korean chain K-Market is in talks with VinGroup to expand its network.

K&K, the owner of K-Market supermarket chain and K-Food, wants to expand by opening inside VinGroup’s commercial centres.

K-Market currently locates its retail stores inside Lotte Mart and Fivimart outlets.

The retail operators plans to expand its network to 100 supermarkets by 2020, and eyes a turnover of  more than US$100 million in 2017.

Ko Sang Goo, chairman of K&K, said the company has been researching the Vietnam retail market carefully.

The group aims to add more services to its chain such as laundry and eateries and to import more Korean products to serve local needs.

K-Market currently has four stores in Hanoi and nine in Ho Chi Minh City.