Sales suspension of Galaxy Note 7 to cost Samsung W700b

[THE INVESTOR]  Local stock brokerage NH Investment and Securities forecast that the opportunity cost of the possible sales suspension of the Samsung Electronics' Galaxy Note 7 could reach 700 billion won (US$630 million).

The investment firm added Samsung would have to put focus on quality tests for the smartphone.

“Although the recall issue of the Note 7 will continue in the rest of the year, the firm’s semiconductor and display businesses will be able to improve its earnings,” said Lee Se-cheol, an analyst from the investment firm.

By Kim Young-won (wone0102@heraldcorp.com)