Korean firms prepare to resume business in Russia amid truce talks

LG has already partially resumed operations at a plant near Moscow. Hyundai Motor Group has not yet made a final decision, waiting for the possible lifting of some of the sanctions against Russia, The Korea Times reported.

South Korean Companies Move to Restart Operations in Russia – Korea Times

Major South Korean companies are taking steps to resume business in Russia as Ukraine ceasefire negotiations raise the possibility of sanctions relief, The Korea Times reported Friday, citing anonymous industry officials.

Korean firms prepare to resume business in Russia amid truce talks

As the talks toward a truce between Russia and Ukraine are gaining momentum, 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.

Initially, South Korea was at a disadvantage in launching the defense industry. The northern part of the Korean peninsula produced mineral resources, and during the Japanese colonial period, the Supung Dam and hydroelectric power plant on the Yalu River, which borders China, was the largest in the East.

South Korean Firms Eye Russia Return Despite Sanctions

Archyde South Korean Tech Giants Eye Return to Russia Amid sanctions Uncertainty Table of Contents 1. South Korean Tech Giants Eye Return to Russia Amid sanctions Uncertainty 2. The Potential Thaw: South korean Companies Prepare for a Return 3. LG Electronics Takes First Steps 4. Hyundai Group Navigates the Landscape 5. Samsung’s Strategic Considerations 6. The […] You can read the full story here: South Korean Firms Eye Russia Return Despite Sa…

Several companies would restart their business activities in Russia.