LG, a home appliance giant from South Korea is about to close its manufacturing site in the Moscow region. The company is thinking about moving its business to Uzbekistan or Kazakhstan, according to the Russian business newspaper Kommersant.
The Korean company has already negotiated with Artel, an Uzbek company that closely cooperates with another South Korean tech giant Samsung. LG used to run its plant in Kazakhstan but closed it several years ago.
As Artel told the Kommersant edition, there are no joint projects between Artel and LG. The company has also refused to comment on possible negotiations with Koreans...