Renault Korea
Native name | 르노코리아 주식회사 |
|---|---|
| Formerly |
|
| Company type | Subsidiary |
| Industry | Automotive |
| Founded | 1995 |
| Headquarters | Busan, South Korea |
Key people | Nicolas Paris (CEO) |
| Products | SUVs |
Production output | 168,622 (2022) |
| Revenue | ₩4,861.96 billion (2022) |
| ₩184.79 billion (2022) | |
| ₩125.52 billion (2022) | |
| Total assets | ₩2,375.51 billion (2022) |
| Total equity | ₩1,552.87 billion (2022) |
| 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, thus renamed to Renault Korea and officially using the brand name Renault. Renault Korea markets a range of cars, including electric models and crossovers.