 | |
 Renault Samsung Busan factory in 2009 | |
Native name | 르노코리아 주식회사 |
|---|---|
| Formerly |
|
| Company type | Subsidiary |
| Industry | Automotive |
| Founded | 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 Group |
| Website | renault |
Renault Korea Co., Ltd. (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).
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, while Samsung maintained a minority ownership. It adopted Renault Korea Motors 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, the company adopted its present name.
Renault Korea markets a range of cars, including electric models and crossovers.
- ^ Cite error: The named reference
BASICwas invoked but never defined (see the help page). - ^ Kim, Da-sol (11 February 2022). "Renault Samsung names new CEO". The Korea Herald. Retrieved 2 August 2022.
- ^ "Universal registration document 2022" (PDF). Renault. pp. 30, 54. Retrieved 28 July 2023.
- ^ a b c d e 르노코리아자동차 주식회사 재무제표에 대한 감사보 고서 [Renault Korea Motors Co., Ltd. Audit report on financial statements] (in Korean). Renault Korea Motors. pp. 6–10. Retrieved 28 July 2023 – via DART.