US wants UN Human Rights Council to serve its own political interests — Russian envoyRussian Politics & Diplomacy September 21, 9:48
Moscow warns US any shellings of Russian task force by Syrian opposition will be thwartedRussian Politics & Diplomacy September 21, 9:16
Tillerson says Trump may have decision on Iran nuclear dealWorld September 21, 7:46
Top diplomat confirms Russia’s commitment to maintaining Iran nuclear dealRussian Politics & Diplomacy September 21, 4:28
No need to review Iranian nuclear deal — MogheriniWorld September 21, 3:50
Mexico earthquake death toll tops 230World September 21, 3:15
Senior diplomat explains why Moscow did not back US declaration on UN reformRussian Politics & Diplomacy September 21, 2:20
Russia’s proposal on UN mission in Donbass still on the table, diplomat notesRussian Politics & Diplomacy September 21, 1:42
Putin, Erdogan may have telephone conversation soon — KremlinRussian Politics & Diplomacy September 20, 21:39
SEOUL, September 18 (Itar-Tass) - South Korea’s Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. have raised their stake in Russia's automotive market this year to a record high on the back of strong demand for their mid-sized cars, Yonhap News Agency reported on Wednesday.
The two automakers garnered a combined 13.8% in the Russian auto market in the first eight months, matching a previous record high of 13.8% in 2007.
Hyundai Motor, South Korea's No. 1 automaker, sold 118.43 thousand vehicles in Russia in the January-August period. Kia Motors, the No. 2 player, sold almost 129 thousand units, data of the Association of European Businesses (AEB) showed.
Their market share in Russia fell to 9.7% in 2008 amid the global financial meltdown but has risen steadily since then.
The record market share came more than two years after Hyundai Motor began to roll out two models - Hyundai Motors’ Solaris and Kia Motors' New Rio compacts at its assembly plant in St. Petersburg.
Hyundai builds Kia Motors' New Rio there as its affiliate currently has no facility in Russia.