South Korea: Whereabouts of companies expanding into Russia? : Hyundai, Samsung, Lotte
-Korean 16 corporate group expands into Russia-
February 25, 2022
Korean media
Daily economy
The United States and others have approved high-strength trade sanctions against Russia.
There is a great deal of tension on Korean companies expanding into Russia.
Specializing in corporate analysis
Korea CXO Research Institute
A large corporate group of 72 designated by the Fair Trade Commission last year.
16 groups in South Korea:
South Korea is,
It has 53 corporations in Russia.
There are 41 more than Ukrainian corporations.
Large Korean companies are more worried about the Russian market than Ukraine.
Hyundai Group:
The largest number of corporations established in Russia is Hyundai Group, 18 companies (34%).
Hyundai Motor Co., Ltd.
Kia,
Hyundai Steel,
Hyundai Engineering & Construction,
Hyundai Glovis,
Hyundai Engineering,
Hyundai Wia,
INNOCEAN,
Modern materials etc.
Has a Russian corporation.
Business field:
Completed vehicle manufacturing and parts sales,
Software development,
Sales of automobile service parts,
Steel Service Center,
construction,
Shipping service,
Advertising agency,
Regeneration of metal and non-metal raw materials,
A wide range of management consultants.
Samsung, Lotte
Samsung and Lotte are followed by 9 companies each.
SK, CJ, Doosan,
The KT & G Group has two corporations each.
LG, POSCO, DL, HYOSUNG,
SM (Samuramidus),
Hankook tires,
Amorepacific,
HiteJinro,
The Sinokor Merchant Marine Group has established one company each.
Korea CXO Research Institute
In the future, if the Western countries get into full-scale sanctions on Russia,
The Russian corporation of a Korean company will be directly affected by the suspension of factory operations.
The supply and demand of oil and natural gas will become unstable, and economic loss will be inevitable.
Korean internet users:
Let’s take this opportunity to reduce our dependence on Russia and China.
A domestic factory should be added and fully automated with robots.
You should not advance into anti-American families.
You should never do business in a socialist nation. South Korea must have been disciplined in North Korea.
Will the United States provide South Korea with a nuclear umbrella if China and North Korea attack?
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