Samsung to come up with refurbished Note 7 smartphones in South Korea later this month

The electronic giant Samsung in its statement said soon it will sell a refurbished version of the old Galaxy Note 7 smartphone in South Korea on July 7, by utilizing the different batteries, not the same one that caused some handsets to catch fire last year.

In a statement, Samsung said that it will offer 400,000 phones, dubbed the Galaxy Note 7 Fan Edition, and in its home country priced 699,600 won ($611) - about 30% lower than the Note 7's unique begin price.

Made from the recollected, unsealed Note 7 handsets and unused Note 7 components, however the batteries for the renovate devices will have a lower capacity than those of the original Note 7s, but surely would have passed novel safety measures executed following the recall, Samsung said.

Recalling the past, the giant was forced to stop the progress of sales of the Note 7 in October, approximately 2 months after its grand launch was about to happen, due to fire-prone batteries from two different suppliers. The event cost Samsung over $5 billion in operating profit and spoiled its status, although the firm has since improved with the victorious launch of the Galaxy S8.

The firm said earlier this year it planned to sell refurbished Note 7s after investigations by Samsung and independent firms concluded the batteries were solely responsible for the fires.

This apart, it is been rumored  that the giant is all set to embrace the launch event for the Note 8 in the second half of August, a source told Reuters last month. Also, as of now the sale of refurbished Note 7s in other markets is not yet planned. It is also said that the company does not chart to present the device in the United States or India.