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The Peak and Valleys of Renault Samsung Motors, 2010–2019

In: The Korean Automotive Industry, Volume 2

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  • A.J. Jacobs

Abstract

This chapter, “The Peak and Valleys of RSM, 2010–2019,” constitutes part two of RSM’s historical review. It begins with a section chronicling the French-led Korean automaker’s post-Great Recession peaks and valleys between 2010 and 2012. It then discusses how a Eurozone crisis sent exports from RSM Busan into a crater in 2013, before recovering slightly in 2014. The rebound began in the latter half of 2014. Thereafter, the chapter examines how an assignment to build Nissan Rogue crossovers propelled RSM to another boom period, between 2015 and 2017. This is followed by an investigation of the most turbulent period of management–labor relations for the Busan complex, 2018 and 2019. Similar to the GMK/Daewoo and Ssangyong Motor chapters, this demonstrates the limitations of foreign ownership for Korean automotive workers. The chapter then concludes with a brief summary of RSM’s status at the start of 2020, and an assessment of its uncertain prospects for the future.

Suggested Citation

  • A.J. Jacobs, 2023. "The Peak and Valleys of Renault Samsung Motors, 2010–2019," Springer Books, in: The Korean Automotive Industry, Volume 2, chapter 0, pages 479-507, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-36453-2_15
    DOI: 10.1007/978-3-031-36453-2_15
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