SEOUL, Oct. 24 (Korea Bizwire) – Samsung Electronics Co. said Monday it is offering a special upgrade program for owners of the Galaxy Note 7 smartphone in South Korea who swap the fire-prone device for the Galaxy S7 or the S7 Edge smartphone. The program allows South Korean owners of the Note 7 who exchange [...]
SEOUL, Oct. 21 (Korea Bizwire) – U.S. tech giant Apple Inc. released the latest editions of its iPhone lineup in South Korea on Friday amid the vacuum of Samsung’s Galaxy Note 7. The country’s three major mobile carriers — SK Telecom Co., KT Corp. and LG Uplus Inc. — released the iPhone 7s and iPhone [...]
SEOUL, Oct. 20 (Korea Bizwire) – There’s now less than a day left before the Korean launch of the iPhone 7 and iPhone 7 Plus, and the local mobile phone market is already expecting record success for Apple’s latest smartphones. The phones will be making their debut here at 8 a.m. on Friday. According to [...]
SEOUL, Oct. 19 (Korea Bizwire) – Thirty-eight owners of the Galaxy Note 7 smartphone in South Korea plan to file a class action lawsuit against Samsung Electronics Co. for alleged inconvenience experienced after the discontinuation of the device, according to a law firm on Wednesday. Each person in the suit, which will be filed with [...]
SEOUL, Oct. 19 (Korea Bizwire) – Nine out of ten Galaxy Note 7 users in Korea were found to be holding on to their phablets, despite Samsung announcing it would halt production of the devices, meaning roughly 500,000 Note 7s are still being used in the country. Samsung announced a permanent halt of the faulty [...]
SEOUL, Oct. 18 (Korea Bizwire) – Samsung Electronics Co. said Tuesday it will pay full compensation to suppliers of Galaxy Note 7 components. The move is a part of its efforts to help about 70 suppliers that are grappling with the discontinuation of the Note 7 over safety concerns. In a statement, Samsung also said [...]
SEOUL, Oct. 17 (Korea Bizwire) – Samsung Electronics Co. and the South Korean government have launched their own investigations to figure out what caused Galaxy Note 7 smartphones to catch fire after the tech giant halted its sales over recurring battery problems, industry officials said Sunday. Samsung has been investigating components of its latest flagship [...]
SEOUL, Oct. 14 (Korea Bizwire) – Samsung Electronics Co. said Friday that the discontinuation of the Galaxy Note 7 smartphone is expected to dent the company’s operating profit by additional US$3.1 billion over the next two quarters. Samsung already slashed its estimate for third-quarter operating profit by 2.6 trillion won ($2.3 billion), saying the revision [...]
SEOUL, Oct. 13 (Korea Bizwire) – International ratings agency Standard and Poor’s said Thursday the global recall and discontinuation of the Galaxy Note 7 smartphone will not affect its ratings on Samsung Electronics Co. “We believe the impact on the ratings will be limited at this stage” mainly due to Samsung’s significant net cash holdings [...]
BANGKOK, Thailand, Oct. 13 (Korea Bizwire) – The recent Samsung troubles have weighed heavily on Vietnam’s exports, as the country serves as one of the major production hubs for the smartphone giant. According to a local source, Vietnam’s September exports amounted to $15 billion, a 6.8 percent decline from August, while exports specific to smartphone [...]