Renault Korea
South Korean car manufacturer / From Wikipedia, the free encyclopedia
Renault Korea (Korean: 르노코리아), is a South Korean car manufacturer headquartered in Busan where its single assembly site is also located, with additional facilities at Seoul (administration), Giheung (research and development) and Daegu (vehicle testing).
Native name | 르노코리아 주식회사 |
---|---|
Formerly |
|
Company type | Subsidiary |
Industry | Automotive |
Founded | 1995; 29 years ago (1995)[1] |
Headquarters | Busan, South Korea |
Key people | Stéphane Deblaise (CEO)[2] |
Products | Cars |
Production output | 168,622 (2022)[3] |
Revenue | ₩4,861.96 billion (2022)[4] |
₩184.79 billion (2022)[4] | |
₩125.52 billion (2022)[4] | |
Total assets | ₩2,375.51 billion (2022)[4] |
Total equity | ₩1,552.87 billion (2022)[4] |
Owners |
|
Number of employees | 3,638 (December 2022) |
Parent | Renault |
Website | renaultkorea.co.kr |
The company was first established as Samsung Motors in 1994 by the chaebol Samsung, with technical assistance from Nissan. It started selling cars in 1998, just before South Korea was hit by the East Asian financial crisis. In 2000, it became a subsidiary of the French car manufacturer Renault, being renamed Renault Samsung Motors (RSM), while Samsung maintained a minority ownership. It adopted Renault Korea Motors (RKM) as trade name in March 2022 and as its legal name in August. In December 2022, Geely acquired a minority ownership in the company through capital increase as part of wider partnership agreement with Renault, although it still is a consolidated subsidiary of the latter.
In April 2024, Renault decided to introduce Renault brand and losange in Korea, after 24 years of typhoon usage. Korea becomes a new frontier of Renault brand. At the same time, the name of the company became Renault Korea, to be consistent with energy transition and new mobility
Renault Korea markets a range of cars, including electric models, hybrid, 4X4, SUV and crossovers.