Renault Samsung is the first foreign-controlled member of the Korea Automobile
Manufacturers Association, according to the organisation which represents vehicle
makers’ interests.
The association said that Renault Samsung Motors, in which France’s Renault
has a 70 percent stake, had been approved for membership. The lobby group was
formed in 1988 by other South Korean car makers including Hyundai.
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Sport utility maker SsangYong Motor is also now a member of the association
which has five members, including troubled Daewoo Motor and Kia Motors, controlled
by Hyundai.
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