cnn :Samsung Galaxy Note 7: More than 500 South Koreans sue over recall

Samsung Galaxy Note 7: More than 500 South Koreans sue over recall

pokemon/" target="_blank">sung/" target="_blank">Samsung customers in South Korea have had it with the company's clumsy handling of the Galaxy Note 7 recall.More than 500 users of the fire-prone smartphone are taking Samsung (SSNLF) to court, according to the firm Harvest Law.They're seeking compensation for time and money spent trying to fix or exchange their phones and the "psychological shock" of carrying around a device that could catch fire at any moment.The plaintiffs are each seeking 500,000 won ($441) in their initial claims, said Ko Young-yeel, a senior partner at Harvest Law.
Sherisse Pham

Galaxy Note 7 Recall Dismays South Korea, the 'Republic of Samsung'

PhotoSEOUL, South Korea — A former South Korean teacher, Kim Jeong-min was at Narita Airport in Japan this month when he watched a television news report that pokemon/" target="_blank">sung/" target="_blank">Samsung Electronics's Galaxy Note 7 smartphone was banned on airplanes because it was prone to catching fire.Mr. Kim, 58, said he had felt humiliated, as if the non-Koreans in the airport lounge were looking at him.Though he does not own a Galaxy Note 7, his reaction was typical of the intense feelings South Koreans hold toward Samsung, the most dramatic corporate success story to emerge from the country's transformation from a war-torn agrarian nation to a global economic powerhouse."Whether we like it or not, Samsung is to the global market what our national team is in the Olympics," Mr. Kim said.
Choe Sang-Hun

Samsung's profit plummets 30% following the Galaxy Note 7 crisis

The struggle is real for pokemon/" target="_blank">sung/" target="_blank">Samsung.The Korean electronics giant's operating profit plunged 30 percent year-on-year as the effects of the Galaxy Note 7 crisis begin to take a financial toll.Samsung today announced a KRW 5.2 trillion ($4.6 billion) operating profit for the third quarter of 2016, that's down one-third on the KRW 7.3 trillion that it posted this time last year.Revenue for the quarter came in at KRW 47.82 trillion ($42.03 billion), down 30 percent year-on-year also.
Jon Russell