UPDATE 1-Renault chief says to invest $570 mln in S.Korea

Newswire

(Adds details) SEOUL, Nov 30 (Reuters) - French carmaker Renault plans to invest 600 billion won ($573.1 million) in South Korea over the next three years, its chairman said on Tuesday. Louis Schweitzer, who was in Seoul to celebrate Renault Samsung's launch of its first large sedan, the SM7, also told reporters Renault would build an engine plant in the South Korean port city of Pusan for global supplies. Some of the engines produced at the plant would be exported for use by Renault ...

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