Samsung executives will announce the cause of the Galaxy Note7 incidents and quality enhancement plan during a press conference (India) in Seoul, South Korea, on January 23, 2017 at 10 am KST (6.30 am IST).
Initially, Samsung said it found a small error in the manufacturing process for some of the batteries in the phones was to blame. It replaced the phones with a new battery but those replaced phones also overheated and caught fire, prompting Samsung to pull the phones from the market. That cost Samsung at least USD 5 billion.
The announcement comes after a South Korean court dismissed yesterday a request by prosecutors to arrest Samsung Vice Chairman Lee Jae-yong heir. Lee, the conglomerate’s heir and de facto head, is under investigation for alleged bribery in connection with an influence-peddling scandal that led to the impeachment of President Park Geun-hye.
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