South Korean journalists argue that the issue of resuming official supplies of cars is again on the agenda. According to Yonhap, Hyundai is considering the possibility of the return of the plant near St. Petersburg in AGR. The News1 portal is in solidarity that Hyundai is interested in returning. The press service of the automaker was limited to the statement “Nothing has yet been confirmed.”
South Korean experts agree that it will not be easy to return to the positions of 2022 to the Hyundai concern, since the Russian car market was flooded with Chinese cars. The option for the return of the plant at the AGR holding is valid until the end of 2025, and there is not much time, because the transaction should receive the approval of the Russian government, and the parties have to agree on the price.
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Until 2022, the Hyundai and Kia were leaders of the Russian market among foreign automakers and together sold more than 370 thousand cars a year in our country. At that time, about 7% of foreign sales of Hyundai-Kia accounted for Russia. The interest of the Korean business in return is indirectly confirmed by re -registration of the Hyundai trademark in the Federal Intellectual Property Service of Russia. Kia also continued to hold “global” response campaigns in our country.
The possibility of returning is considered not only in Hyundai: the prospects for our market are studied by Samsung Electronics and LG Electronics. The spokesman for the President of Russia told reporters that there were no signals about the return from the South Korean and Japanese business. However, in the dealer community, this option is considered very likely.
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