September 21, 2017 6:31 AM ET

Automobiles

Company Overview of Renault Samsung Motors Co., Ltd.

Company Overview

Renault Samsung Motors Co., Ltd. manufactures and sells automobiles and automobile parts in South Korea. The company was founded in 2000 and is headquartered in Busan, South Korea. Renault Samsung Motors Co., Ltd. is a subsidiary of Renault SA.

61 Renault samsung-daero

Gangseo-gu

Busan,  

South Korea

Founded in 2000

Phone:

82 5 1979 7000

Fax:

82 5 1979 7130

Key Executives for Renault Samsung Motors Co., Ltd.

Chief Executive Officer
Senior Vice President of China Operations
Head of Research and Development Division
Compensation as of Fiscal Year 2017.

Renault Samsung Motors Co., Ltd. Key Developments

Renault Samsung Reports Sales Results for the Month Ended August 2017

Renault Samsung has reported sales in August 2017 of 19,469 units, a 27.7% increase from the 15,240 units sold in the same month in 2016. Of this total, the vast chunk of sales stemmed from overseas markets, where sales grew 65.64% year on year to 12,468 units. Domestic sales in South Korea, however, dropped 9.23% year on year to 7,001 units in August.

Renault Samsung Tentatively Reaches New Pay Deal with its Domestic Unionized Workers

Renault Samsung has tentatively reached a new pay deal with its domestic unionized workers. Under the deal, Renault Samsung will raise basic monthly pay by KRW 62,400 and offer a one-off payment of 150% of basic pay, plus KRW 6 million, to each worker. The agreement is subject to a ballot of around 2,500 union members due to be held on 1 September 2017. If more than 50% of those voting back the agreement, the automaker and its union will wrap up talks for this year.

Renault Samsung Motors Announces Sales Results for the First Half of 2017

Renault Samsung Motors announced sales results for the first half of 2017. For the period, sales rose 13% and those of Lada rose 12.2%.

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Recent Private Companies Transactions

Type
Date
Target
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