[KH Explains] China ups OLED ante to take over Korean shares
BTS' V and Blackpink's Jennie break up: sources
Woman sentenced to 13 years for forcing co-worker into prostitution
[News Focus] Why Kim Jong-un spotlights mothers
Korean students outperform OECD average amid pandemic havoc: data
[EQUITIES] Recall could reduce Samsung’s H2 profit more than W1tr: analystBy 이지윤
Published : Sept. 12, 2016 - 14:30
The securities firm said the company has been dealing with the recall issue properly, adding that its recent recommendation for customers not to turn on their Note phones due to safety concerns would prevent more accidents.
Despite the prompt response, the firms said, the situation seems to be getting more complicated now and that would affect consumer sentiment and device sales overall.
“Even after the suspended phone sales are resumed, it could take more time for them to get regulatory approval,” said an analyst. “In this case, the company could suffer a loss of more than 1 trillion won in profits.”
Right after the recall, the securities firm had predicted a loss of about 820 billion won.
By Lee Ji-yoon (email@example.com)
Auditor says Moon govt distorted 2020 death of fisheries official
SK carries out complete leadership reshuffle
Drug demand rises over surge in ‘walking pneumonia,’ flu