The largest companies in South Korea are preparing to restore their business in Russia.
Hyundai, Samsung and LG Giants are already accelerating the preparation and taking into account the possibility of recovery in the business in the country of the aggressor. This happens against the background of negotiations at the end of the Russian Federation against Ukraine. This was reported by Korea Times.
It is noted that the “fastest steps” were made by LG Electronics Corporation, which probably has already partially restored the work of its home appliances in Moscow. One of the sources noted that this corporation allegedly wants to prevent the degradation of production facilities that are idle from the very beginning of a full -fledged war.
Samsung Electronics, according to the publication, also considers the possibility of returning to the Russian Federation. The Kaluga plant, which produced almost 1 million TVs, monitors and washing machines, stopped working in 2022. However, the technique of this manufacturer was imported into Russia from the so -called “parallel import”.
Hyundai Motor Group is also considered a restorative business in Russia. In December 2023, the company sold its plant in St. Petersburg for $ 120. With the possibility of ransom for two years. The decision on a possible return should be made by the end of 2025.
Recall that in February, the American company Apple closed access to the platform for Russian developers for creating the Apple Developer Enterprise (Adep) program, which allows companies to develop programs for the iOS operating system and distribute them for their employees without publication in the App Store.
Source: Korea Times
Source: Racurs
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.