Findings showed that the Galaxy Note 7 batteries and phone units have caught fire during charging prompting the manufacturer to recall all units sold worldwide.
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The sharp fall on the Korean stock market comes after USA aviation authorities warned travellers not to turn on or charge the Note 7 during flights or store them in checked bags.
Samsung looks to be taking a hard-line on recalling its Galaxy Note 7, with plans to remotely deactivate any handsets not returned by 30 September.
Notedly, ATL also supplies batteries for Apple’s iPhone series, which means Samsung could face supply restraint if demand soars for the latest iPhone 7 and iPhone 7 Plus.
“While there have been only a small number of reported incidents globally, Samsung is committed to prioritising the safety of customers. We are asking users to power down their Galaxy Note7s and exchange them now”, said Tim Baxter, president of Samsung Electronics America, in an official statement.
In a further blow to the company, the US Consumer Product Safety Commission has also urged American users to turn the phones off and leave them off.
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Last Thursday, the United States aviation safety officials warned airline passengers not to turn on or charge a new-model Samsung smartphone during flights following numerous reports of the devices catching fire. This came after various reports of the phone catching fire appeared in the news.
