Cover Vincent Lua

In this unprecedented time, this enterprising young man turns to technology to satisfy cravings for Korean street food

When in Seoul, the bustling neighbourhood of Myeongdong is inevitably on the list of places to visit. A popular shopping destinations, the sheer volume of visitors has also seen the mushrooming of cafes, restaurants and food kiosks serving a variety of local delights, including the Korean staple, topokki.

Topokki is a chewy rice cake that can be cooked in a number of ways – stir-fried, on a skewer, added to kimchi soup and even, to ride on popular trend, with cheese. Vincent Lua became fascinated with this versatile ingredient during a visit to Myeongdong and decided to make it - and other Korean street food – accessible in Malaysia.

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Above As CEO of Cravito Group, Lua is instrumental in re-strategising MyeongDong Toppoki business model to overcome the challenges of the new normal

Lua, who is CEO of Cravito Group, started MyeongDong Topokki (MDT) as a small kiosk. Today, it boasts outlets in over 30 locations across Malaysia, and is still on track to expand further, including a branch in Indonesia.

"MDT was able to grow quickly because of great support from our fully equipped central kitchen and an in-house R&D team which ensure consistency in quality," he said. "The open kitchen concept at all our restaurants have also proven to be quite popular with dine-in customers."

MDT is Lua's first F&B venture but it's not his first business venture. He previously co-founded a gym, which taught him important lessons about proper brand marketing. It was after the gym folded that he went on that fateful trip to Seoul and recognised an opportunity to bring Korean street food to Malaysia. 

This health crisis has only accelerated Lua’s plans to harness the potential of technology, including the roll out of MDT Apron, a three-day cooking kit that delivers to your home so you can make a Korean meal in your own kitchen.

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You can have the knowledge or talent, but without persistence, you can never push it forward. Persistence determines success.

“MDT Apron has always been a plan in my mind but we withheld it as the market wasn’t ready. MCO, however, has created the market demand for it,” said Lua.

Lua is also concentrating of cloud kitchen for online order and delivery, with a goal to establish at least 50 cloud kitchens this year. “With low rental cost, staffing and other operating expenses, we believe the cloud kitchen project will be successful as we’re able to generate good profit with lower costs. Increasing cloud kitchen locations will definitely result in faster growth and expansion as we’re able to cater to the high demands too.”

MDT is also in the midst of developing its own app to facilitate the process of ordering its food online. “Technology will be the future, we are moving into F&B tech with expansion of cloud kitchen and apps,” Lua noted. "We're confident with this cloud kitchen concept as we believe that the MCO has changed the purchasing behaviour of consumers to reply more on food delivery. By using a highly innovative customised system. we're able to deliver food from our cloud kitchen straight to the customer's doorstep."

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Above Toppoki dishes

Follow Vincent Lua on his Instagram. For more information on MyeongDong Topokki, visit myeongdongtopokki.com.

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MyeongDong Topokki

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