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Korean firms prepare to resume business in Russia amid truce talks (www.koreatimes.co.kr)

submitted 1 week ago by jeena@piefed.jeena.net to c/korea@lemmy.funami.tech

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If the two countries reach a complete truce or peace agreement, sanctions on Russia will likely be lifted, allowing Korean firms to resume business there.

With a population of over 140 million, Russia is a significant market with a strong preference for Korean products and serves as a strategic hub connecting Central Asia and Europe. According to data from the Ministry of Foreign Affairs, bilateral trade between Korea and Russia reached $29.9 billion in 2021, with Russia ranking as Korea’s 12th-largest export market at the time.

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[–] kalapala@sopuli.xyz 4 points 1 week ago (1 children)

And this is the end of the Hyundai brand in Europe.

[–] arakhis_@feddit.org 2 points 1 week ago

it should be, but dont underestimate humanity