- cross-posted to:
- worldnews@lemmy.ml
- cross-posted to:
- worldnews@lemmy.ml
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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.
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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.
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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.
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Hyundai Motor Group is also busy studying the feasibility of the post-war Russian market.
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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.
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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.
Let this just be a lesson to you all. There is no moral company, and I mean no in the most absolute of sense. Companies aren’t moral by design, and they will gladly make a penny on dead Ukrainians. The only reason they aren’t currently, is because it’s not cost effective enough.
They are doing business with America and Israel. Why would they not include Russia at that point.
Banned from r/libertarian
It’s an honor.
deleted by creator