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Following the company's probe into the cause of fires in its Note 7 devices, the South Korean tech giant claimed that faulty batteries from two suppliers were the cause of the product's problems—a $5.3 billion problem, to be exact.
"The lessons of this incident are deeply reflected in our culture and process," Samsung Mobile chief Koh Dong-jin told Reuters. "Samsung Electronics will be working hard to regain consumer trust."
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Brendan Menapace
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Brendan Menapace is the content director for Promo+Promo Marketing.
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