Hollys to open 1st overseas outlet in Japan in H1

Hollys, the coffee business unit of South Korea's KG Group, said Monday it will open its first overseas outlet in Japan in the first half as part of its expansion strategy. Hollys plans to set up a business entity in the neighboring country to open the outlet at the Marui Department Store in Namba, Osaka, the company said in a statement. "The company is planning to open more stores in other major Japanese cities and in other countries as well," the statement said. Hollys began its operations in Korea in 1998 and currently has 550 outlets across the nation. KG Group's businesses range from chemicals, steel-making and car manufacturing, to logistics services. It has KG Mobility Corp., formerly SsangYong Motor Co., under its wing. Source: Yonhap News Agency