Renault chief Carlos Ghosn in Korea has unveiled Renault Samsung Motors (RSM)’s new strategic plan called 'New Vision'.

RSM’s New Vision, which is the roll out of Renault Group’s global strategic plan – 'Renault Drive the Change' – will enable RSM to post a turnover growth of 70% at least in 2016 versus 2013 and rank among the top three carmakers in the domestic Korean market.

To achieve these targets, RSM will focus on increasing competitiveness, improving the quality of its vehicles and sucvcessful start of production of the new Nissan Rogue in the US.

"New Vision will leverage on the success of RSM’s former strategic revival plan, which prompted RSM to post positive results for 2013," the automaker said.