Hyundai and Kia are going to return to Russia

Hyundai Motor Group is studying the possibilities of restarting a business against the backdrop of a new thaw in relations between Russia and the USA, writes The Korea Times. According to the representative of the auto giant, the decision has not yet been made, but the company is closely monitoring how the situation will develop. Hyundai does not have much time if she wants to return the St. Petersburg plant: an option for a return ransom from the AGR holding is valid until the end of 2025.

In addition to the Hyundai Motor and Kia itself, the Hyundai Mobis auto component manufacturer and the Hyundai Steel steel company may return to Russia. Both recently posted vacancies in Russia, they can be found on hh.ru. Employees are looking for work in St. Petersburg.

In 2021, Hyundai and Kia were among the leaders of the Russian car market, but in 2022 the group left the country. In 2023, she got rid of the St. Petersburg enterprise, selling it for a symbolic 10 thousand rubles with an option of reverse ransom for two years.

The new Hyundai electric crossover showed on the video Hyundai showed the Insteroid concept in the style of cars for the video game of Kazakhstan’s authorities prepared a project how to return Kia to Russia

Russia with a population of more than 140 million people is an important market for South Korea, writes The Korea Times. It is a kind of strategic hub connecting Central Asia and Europe. In addition, Russia can become critical, given the growing tariff pressure from the United States.

In addition to Hyundai and Kia, Korean LG and Samsung are ready to use the first opportunity to return to Russia. While they also took a waiting position.

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