SEOUL Oct 11 South Korea's finance minister
said on Tuesday that Samsung Electronic Co Ltd's
deepening crisis over its Galaxy Note 7 smartphone would hurt
exports if the phone model is scrapped altogether.
"Right now we can't tell what the impact will be in the long
term. It's up to the company and the government cannot
interfere," said Finance Minister Yoo Il-ho to reporters on the
sidelines of a meeting in Seoul.
"But if they do scrap the model, it will have a negative
impact on exports."
Samsung Electronics halted sales of the Note 7 smartphones
earlier in the day and told owners to stop using them while it
investigates reports of fires, fuelling expectations the tech
giant will scrap the flagship device.
(Reporting by Christine Kim; Editing by Kim Coghill)