ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business deals

Geely signs deal to buy 34% of Renault's South Korea business

Samsung to remain key shareholder despite name being dropped earlier this year

China's Geely Automobile Holdings is buying a stake in Renault Korea Motors in its latest foray overseas and hoping to generate additional income by licensing its technology.   © Reuters
KENJI KAWASE, Nikkei Asia chief business news correspondent | South Korea

HONG KONG -- Geely Automobile Holdings said Tuesday it will spend over $200 million to buy a 34.02% stake in a joint venture in South Korea between France's Groupe Renault and global conglomerate Samsung Group -- and will have the chance to purchase even more.

Read Next

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more

By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. Please review our Cookie Policy to learn how you can update your cookie settings.

Accept & Continue Close