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
Samsung YEPP discontinued in most countries. Samsung released the successor to the YP-GI1, the YP-GI2 (Galaxy 070) only in Korea in August 2013. Samsung shut down all official MP3 players dedicated websites and blogs in Korea and worldwide. As of December 2016, Samsung discontinued their MP3 players and Android-based Galaxy Players lines worldwide. Even though Samsung never announced officially they would stop producing MP3 players, it appears they actually did. The naming scheme of Samsung players has always been the same. For example, YP-P2JEB, where J stands for Janus (MTP models, no letter if UMS), E stands for 16GB (V:256MB; X:512MB; Z:1GB;