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South Korean companies consider returning to Russia
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PravdaReport - Business
South Korean companies may return to the Russian market following talks between Russian President Vladimir Putin and US President Donald Trump, South Korean media outlets say. Such brands as Hyundai, Samsung, and LG reportedly consider re-entering Russia.
Hyundai Motor Group considers repurchasing of its manufacturing facility in St. Petersburg. Industry sources indicate that Hyundai views Russia as a market it does not want to lose.
According to Yonhap News, Hyundai renewed its trademark registrations in Russia in 2024, though the company stated that no final decision was made regarding its return.