St. Petersburg Archives | Be Korea-savvy

Russian Company to Acquire Hyundai’s Local Plant with Buyback Option: Reports

MOSCOW/SEOUL, Sept. 25 (Korea Bizwire) — A Russian company will purchase Hyundai Motor Co.’s manufacturing plant in St. Petersburg, which has been dormant since March 2022, Russian media reported Monday citing its industry minister. The deal will include a two-year option for the South Korean automaker to repurchase the facility, according to TASS and RIA [...]

HMM’s Largest Container Ship Undergoes Finishing Touches

GEOJE ISLAND, Aug. 12 (Korea Bizwire) — Hundreds of workers put the final touches on the St. Petersburg, one of the world’s largest container ships, at a shipyard in southern South Korea this week as the Asian country pushes to revive its shipping industry. The workers tested marine and electrical systems of the vessel with [...]