Samsung Electronics to change quality assurance processes after Note 7 withdrawal

October 26, 2016 9:12 PM EDT

A customer uses his Samsung Electronics' Galaxy Note 7 as he waits for an exchange at company's headquarters in Seoul, South Korea, October 13, 2016. REUTERS/Kim Hong-Ji

Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.

SEOUL (Reuters) - Samsung Electronics Co Ltd on Thursday said it would make significant changes to its quality assurance processes in the wake of the withdrawal of its Galaxy Note 7 devices over safety concerns.

It gave no further details.

The company began an extraordinary shareholder meeting for investors to vote on a decision to sell its printing business to HP Inc for $1.05 billion, and on whether to approve Samsung Group scion Jay Y. Lee as a board director.

(Reporting by Joyce Lee; Editing by Stephen Coates)

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories


Add Your Comment