Renault Korea Motors
Renault Korea Motors (RKM) (Korean: 르노코리아자동차), 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 | 르노코리아자동차 주식회사 |
|---|---|
| Formerly |
|
| Company type | Subsidiary |
| Industry | Automotive |
| Founded | 1995 |
| Headquarters | Busan, South Korea |
Key people | Stéphane Deblaise (CEO) |
| Products | Cars |
Production output | 110,650 (2020) |
| Revenue | ₩3,400.76 billion (2020) |
| ₩-79.67 billion (2020) | |
| ₩-72.55 billion (2020) | |
| Total assets | ₩1,871.72 billion (2020) |
| Total equity | ₩1,224.79 billion (2020) |
| Owners |
|
Number of employees | 4,387 (December 2013) |
| Parent | Renault |
| Website | renaultkoream.com |
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), although 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.
Renault Korea Motors markets a range of cars, including electric models and crossovers.