Car manufacturer Hyundai Motor Co opened its Hyundai Motor Manufacturing Rus assembly facility in St. Petersburg in 2010. Consequently, Hyundai boosted its sales not only in Russia, but also in other countries. In 2017, the facility assembled 233,500 vehicles; 5900 of them were sold outside of Russia.
The Kaluga Region has attracted several major Korean projects, such as Samsung production facility Samsung Electronics Rus Kaluga, which manufactures household appliances sold predominantly in Russia and the CIS. Moreover, since 2016 the facility has supported Samsung's expansion into the European market with a special line of washing machines distributed to 20 countries of Eastern and Western Europe. As at 2016, Samsung invested more than $250mln into its Russian plant. Moreover, the Kaluga Region accommodates the KT&G tobacco factory ($73mln capital investment) and Lotte Group confectionery ($100mln).
Orion, a Korean spongecake and chocolate maker, opened its first Russian office in 1996, launched its production facility in Tver in 2006, and set up another production site in Novosibirsk in 2008. Total investment is estimated at $60mln. In 2017, the company announced its plan to invest over RUB 4.7bn into commissioning additional production facilities in the Tver Region.
Construction of Korean enterprises in Russia is but one instance of bilateral cooperation. Other examples include collaboration in the aerospace sector (Roskosmos' participation in the development of Korea Space Launch Vehicle KSLV-1), as well as research, energy, pharmaceuticals, and other segments.