South Korean industrial companies in Russia: Problems and prospects
https://doi.org/10.35854/1998-1627-2025-7-821-833
Abstract
Aim. The work aimed to analyze the development of Russian-South Korean trade and economic relations in recent years with an emphasis on South Korean companies that have or had industrial enterprises in Russia. The authors pay special attention to the prospects of their presence in the Russian market.
Objectives. The work seeks to analyze the history of Russian-South Korean economic relations, features of industrial offshoring of South Korean companies, and an overview of recent changes in the Russian market.
Methods. The study employed statistical analysis of data on international trade between the countries, generalization and graphical modeling of materials from information resources of the companies considered in the work, as well as other general scientific research methods.
Results. The study revealed that the negative trend in Russian-South Korean relations is replaced by multidirectional trends. On the one hand, the decline in commodity turnover between the countries in most provisions continues, while on the other hand, many South Korean companies have resumed operations or expressed intentions to return to the Russian market.
Conclusions. Despite the change of power in the Republic of Korea, obvious changes in international trade, and the emerging hopes for changes in sanctions regime in Russia, qualitative improvements in Russian-South Korean trade and economic cooperation should not be reckoned on, as, the new political atmosphere will be neutral at best.
About the Authors
G. D. Toloraya
Institute of China and Contemporary Asia of the Russian Academy of Sciences; Institute of Economics of the Russian Academy of Sciences
Russian Federation
Russian Federation
Georgy D. Toloraya, D.Sc. in Economic Sciences, Professor, Head of the Center for Russian Strategy in Asia; senior researcher of the Center for World Politics
and Strategic Analysis
32 Nakhimovsky Ave., Moscow 117218
F. M. Chernetskii
Institute of Economics of the Russian Academy of Sciences
Russian Federation
Russian Federation
Fedor M. Chernetskii, junior researcher at the Center for Russian Strategy in Asia
32 Nakhimovsky Ave., Moscow 117218
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Review
For citations:
Toloraya G.D., Chernetskii F.M. South Korean industrial companies in Russia: Problems and prospects. Economics and Management. 2025;31(7):821-833. (In Russ.) https://doi.org/10.35854/1998-1627-2025-7-821-833
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