Ryazan has a reputation of being one of Russia's electronics hubs. Around a quarter of the city's population is affected by the electronics industry. The most notable company in this sector is Plazma (company), which produces plasma screens for products including tanks and locomotives. In 1994, the company created a 50-50 research and development joint-venture with the South Korean company Orion PDP. Plazma's expertise helped Orion PDP become one of the world's leading manufacturers of plasma television panels. In addition to plasma technology, Plazma produces LCD screens, industrial gas lasers and medical lasers. The company exports its products to foreign countries, including to the United States, China and Israel.