I had never heard of this movie and a quick net search didn't help either.
But wouldn't you know it I saw it for sale at ,of all places, Walmart!
It was a double feature disc paired with some scorpion movie.
As you said it is called Kolobros and seems to Asian. I haven't watched it yet. It seems pretty hard to find over the net but if anybody is looking for a copy I found it in the bargain bin at Walmart.