October 18, 2016 / 2:22 AM / 9 months ago

Samsung Elec to compensate Galaxy Note 7 parts suppliers

1 Min Read

SEOUL, Oct 18 (Reuters) - Samsung Electronics Co Ltd said on Tuesday it will compensate component suppliers for the discontinued Galaxy Note 7 smartphones and consider giving them orders for other models to cushion the blow.

Samsung said in a statement it would fully pay for unused Note 7 parts that have already been manufactured, compensate suppliers for unfinished components and pay for materials bought to make Note 7 parts.

The world's top smartphone maker last week permanently ended sales of the fire-prone Galaxy Note 7 smartphone less than two months after launch.

Reporting by Se Young Lee; Editing by Stephen Coates

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