Business

Samsung to resume selling Galaxy Note 7 in South Korea

Samsung plans to resume selling new Galaxy Note 7 smartphones in South Korea on Sept. 28, as the company tries to grapple with the fallout from a recall over faulty batteries.

Company has sold 2.5 million units of phones, has issued voluntary recall

An employee poses for photographs with Samsung Electronics' Galaxy Note 7 smartphone at a store Seoul, South Korea, on Sept. 2, 2016. (Kim Hong-Ji/Reuters)

Samsung plans to resume selling new Galaxy Note 7 smartphones in South Korea on Sept. 28, as the company tries to grapple with the fallout from a recall over faulty batteries.

Reuters is reporting that a Samsung spokeswoman said the timing of the resumption of sales of the phone in other countries will depend on circumstances in each market.

The company announced a voluntary recall of phones on Sept. 2 in 10 countries following reports of battery problem that could cause the units to catch fire. About 2.5 million units of the model have been sold

There have been 92 reports of overheating batteries in the United States, leading to 26 cases of injuries, Reuters said.

On Thursday,the U.S. Consumer Product Safety Commission issued a formal recall of the phones. Its chairman, Elliot Kaye, criticized the company for trying to do the recall on its own.

Analysts have suggested the recall could cost Samsung about $5 billion US in revenues this year, and they have cut their profit expectations for the company, Reuters said.