cross-posted from: https://lemm.ee/post/59803274
major Korean companies are accelerating their feasibility studies on resuming business in Russia. The move comes as Russia is seen as a critical market for diversifying business interests, especially amid growing tariff pressures from the United States.
Among major Korean firms, LG Electronics is making a swift move. According to industry officials, LG Electronics partially resumed operations at its electronic appliance plant in Moscow of late.
HD Hyundai Electric, which has been maintaining its Russian business through the war, will participate through a local distributor in Electro 2025, Russia’s largest electrical exhibition, scheduled for April 1 to 4, in an apparent move to exploit the high demand for restoring power infrastructure damaged by the war.
Hyundai Motor Group is also busy studying the feasibility of the post-war Russian market.
Apart from Hyundai Motor, its affiliates Kia, Hyundai Mobis, and Hyundai Steel have recently posted job openings in Russia, signaling greater chances of the group resuming business in Russia.
Samsung Electronics is also reviewing the feasibility of resuming its Russian business. In February, a Russian newspaper reported that Samsung’s marketing expenses from January to February this year increased 30 percent from the same period a year earlier.
Oooh look at you, trying to gatekeep the fediverse. You ain’t gettin rid of me that easily darling 💋
He’s a typical Russian supporting fascist. Can’t use his brain for two seconds to see it’s that dog shit country that is murdering thousands in its imperial conquest to expand its territory, exactly like the Nazis they aligned with at the beginning of WW2.