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The opening of the Russian market, significant business opportunities and positive macro-economic conditions, combined with President Vladimir Putin's drive to "construct a great Russia," have turned Russia into an emerging market where the domestic consumer purchasing power is expected to grow 20% annually for the coming three years, thanks to the expanding exports of raw materials including crude oil and favorable external factors such as the recent rise in oil prices.
Hyundai Corporation Moscow office is entering the Russian and CIS market as a nearby market for raw material supply to the Korean industry in the first place and we are exerting efforts to construct an online system for raw material suppliers to Korea in order to provide a service offering bidding prices of buyers and specifications all around the clock. Moscow Office is also advancing into shipbuilding, industrial plants re-equipment, pipelining and oil-refining projects, as well as others, offering the best products and innovations for the Russian and CIS countries enterprises and consumers.
We opened Moscow office in 1991 as the first overseas office set up by private companies from Korea, and have secured a strong customer base for Korean products since the economic cooperation framework between Korea and Russia was established. We also have a solid base of prospective buyers of chemical and general merchandises as well as a foundation of current buyers of PDP/LCD TV/DVR/GSM handsets.
Starting in 2007, by adjusting to Russia's policy of industrialization to supply products for domestic consumption, Moscow office will go all-out to develop investors in factories that manufacture auto parts, plant/ machinery/ chemical plants and other products that replace the current imports, in order to boost exports of machinery and plants from Korea.
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| Establishment : |
December 18, 1991 |
| Address : |
Office 1604, World Trade Center Entrance #3, Krasnopresnenskaya nab. 12, 123610, Moscow, Russia |
| Representative : |
Keun-Woo Park |
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