The launch of the new store came after Lotte GRS Co. signed a franchise agreement with cinema equipment supplier Eugenetek Mongolia LLC in September last year.
Lotte GRS said it plans to operate up to 10 Lotteria outlets in Mongolia by 2022.
|The operator of South Korean retail giant Lotte's fast-food chain, Lotteria, shows its first Mongolian store in Ulaanbaatar on June 23, 2018. (Lotte GRS Co.)|
Founded in 1979, the food affiliate of South Korea's fifth-largest conglomerate has thousands of stores under six brands nationwide, including the hamburger chain Lotteria and the cafe chain Angel-in-us Coffee.
The latest inroads into Mongolia raised the number of overseas countries with the firm's presence to eight, including Vietnam, China and Indonesia. (Yonhap)