Renault Samsung automobile (? ; Samsung automatic car; Renault Samsung Motors is a Korean automobile manufacturer, headquartered in Penglai Cave in downtown Seoul, with its production workshop in Jiangxi District of Busan, and its design center and research institute in Longren City, Gyeonggi Province. The current representative chairman is a French woman, Jean Marie Hurtiger. Renault Samsung Automobile is a member of Korea Automobile Industry Association.

history

Renault Samsung Automobile, formerly known as Samsung Automobile, was founded in 1994 by Li Jianxi, then president of Samsung Group. Li Jianxi's original intention of establishing Samsung Automobile is that he believes that the automobile industry is the result of the joint action of many industries, and the establishment of the automobile department will help the cooperation among the subsidiaries of Samsung Group (such as Samsung Power and Samsung Electronics). The company 1998 started to sell cars, but it soon encountered the Asian financial turmoil. Because Samsung belongs to the company's non-core business, it was soon forced to sell. At the same time, its rival daewoo motor was finally acquired by General Motors. 199812 In February, Samsung Group negotiated with the French-funded automobile group Renault Group, and Renault Group agreed to buy 70% of the company's equity in September 2000, with a total value of 50120,000 US dollars (about 525 billion won).