this post was submitted on 29 Mar 2025
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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.

  • 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.

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[–] MBech@feddit.dk 5 points 4 days ago (2 children)

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.

[–] InternetCitizen2@lemmy.world 1 points 4 days ago (1 children)
[–] MBech@feddit.dk 1 points 4 days ago

It's an honor.

[–] IndustryStandard@lemmy.world -2 points 4 days ago* (last edited 4 days ago)

They are doing business with America and Israel. Why would they not include Russia at that point.