Samsung announced that Samsung had acquired the stake of Sony in this joint venture. Compared to other major Korean companies, Samsung survived the 1997 Asian financial crisis relatively unharmed. However, Samsung Motor was sold to Renault at a significant loss. , Renault Samsung is 80.1 percent owned by Renault and 19.9 percent owned by Samsung. Additionally, Samsung manufactured a range of aircraft from the 1980s to 1990s. The company was founded in 1999 as Korea Aerospace Industries (KAI), the result of a merger between then three domestic major aerospace divisions of Samsung Aerospace, Daewoo Heavy Industries and Hyundai Space and Aircraft
Renault Samsung Motors Design Centre () was created within the facility to locally design various cars manufactured by the company. In early 2013 the design branch was renamed Renault Design Asia () and was put in charge of supervising Renault's Asian design operations. The RSM's head offices are located at Gasan-dong, Seoul, with additional administrative offices in Busan. Renault Samsung Motors has two logos: the corporate logo and the marque logo. The first is for corporate communications and is an adaptation of the Samsung Group's logo. The second is the "storm's eye" logo which is used as marque's badge and in advertising. The