Waiting for Samsung Galaxy Fold to go on sale in South Korea

Samsung has promised to create a new era of folding as part of its effort to showcase innovation amid the saturated smartphone market.

The phone will cost about 2.4m won for South Korean buyers, a source from one of the country’s leading carriers told Reuters, requesting anonymity because of the sensitivity of the issue. The source gave no further details.

Samsung Electronics Co. Ltd.’s first folded Samsung Smartphone Smartphone will go on sale in South Korea on Friday, a source with direct knowledge of the matter said on Wednesday.

The highly anticipated device from the world’s top smartphone maker was originally due to hit the US market in April but release was delayed by screen defects revealed in the samples.

Samsung declined to comment Wednesday.

The company announced in July that it would be ready to sell the Galaxy Fold in September after making changes including hardening hinges, which early reviewers had found to be problematic.

The delays cost sales to the South Korean tech giant that could have secured a decent revenue stream during the slow summer season.

Last month, Chinese rival Huawei Technologies Co delayed September’s planned launch of its first folding phone, its second postponement this year, as it struggles with a US trade blacklist that threatens tech giant’s entry into core technologies US such as Google’s Android.

Samsung is currently offering pre-registration for Fold on its U.S. and US websites./Investing.com

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