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[THE INVESTOR] Samsung Electronics announced on Oct. 11 it has decided to suspend the global sales and replacements of its Galaxy Note 7 smartphone after a number of replacement phones caught fire in Korea and overseas.
The Korean tech giant said the decision was made after consultations with the state-run Korean Agency for Technology and Standards and other product safety authorities in the US and China. 
The U.S.
Following several reports of fire and explosion even in replacement phones with a new battery recently, Samsung suspended the production of the Galaxy Note 7 over the weekend for a thorough inspection.
In early September, the company issued a global recall of the bigger-screen phone due to faulty batteries that caused explosions while charging. The device went on sale on Aug. 19.
By Lee Ji-yoon (jylee@heraldcorp.com)
