Olive Tree Global Group, the first Korean company to enter the capital financial business in Laos

[사진제공=올리브트리글로벌 그룹]  Photo Caption = From the fifth left of the photo, CEO of ASEAN Capital and exchange office Keodara Saint Chisada, Chairman Cho Min-seong of Olive Tree Global Group, high-ranking officials in the finance department of von Laos, ASEAN Capital's general manager of Whatsana and other central bank officials

[사진제공=올리브트리글로벌 그룹] Photo Caption = From the fifth left of the photo, CEO of ASEAN Capital and exchange office Keodara Saint Chisada, Chairman Cho Min-seong of Olive Tree Global Group, high-ranking officials in the finance department of von Laos, ASEAN Capital’s general manager of Whatsana and other central bank officials

Olive Tree Global Group, a Korean company in Laos, established ASEAN Capital and expanded its business to the financial industry.

An official from Olive Tree Global Group said, “With the opening ceremony held at the ASEAN Capital Headquarters in Vientiane Taluang, Laos on the morning of March 12, ASEAN Capital and ASEAN Currency Exchange started to operate in earnest.”

The opening ceremony was attended by more than 60 people, including Olive Tree Global Group’s Chairman Min-Sung Cho, Vice President Thongxayyang, ASEAN Capital and CEO Chisada keodalaseng, a currency exchange office, as well as senior officials from the Ministry of Finance and Central Bank of Laos.

Olive Tree Global Group, which entered Laos for the first time as a sports agency and entertainment business in 2018, won trust from the Lao government as a result of donating K quarantine items due to Corona 19 last year. ) Received permission to establish.

Olive Tree Global Group donated 20,000 corona 19 diagnostic kits, masks, blood sugar size, and other quarantine supplies to the Lao government in May last year for the first time as a private company. The Laos-Korea route was blocked, and the Lao government gave a certificate of appreciation after donating quarantine supplies after hard work, such as passing through a Thai airport.

Currently, in Laos, famous capital companies established by Korean banks have entered the market and are operating as a third-party leasing company. According to a government official who attended the opening ceremony on the day, they emphasized that Olive Tree Global Group is the first Korean company to enter the second financial capital business that provides land and housing mortgage loans.

Chairman Cho Min-sung said in a greeting at the opening ceremony, “ASEAN Capital will faithfully play the role of a financial partner that realizes customer value and happiness by introducing an advanced financial system and providing friendly and fast service.” By improving services in the financial sector, we will become a financial company that can be used conveniently by all Laos people.”

ASEAN Capital is concentrating its business capabilities on land and home mortgage loans and micro-loans, and plans to actively engage in auto installment financing for famous automobile brand companies imported into Laos.

Online JoongAng Ilbo


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