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Youkyung Lee

A visitor tries out a Samsung Electronics Galaxy S7 Edge smartphone at its shop in Seoul, South Korea, Friday, Oct. 14, 2016. Samsung Electronics said Friday that the discontinuation of the Galaxy Note 7 would cost the company about $3 billion during the current and next quarters, bringing the total cost of the recall to at least $5.3 billion. The company said it will expand sales of two other smartphones released in spring, the Galaxy S7 and Galaxy S7 Edge, quashing rumors that it may try to release updated versions of those devices. (AP Photo/Lee Jin-man) (AP)

The exploding $5.3 billion phone: Samsung has a major headache with its phone recalls

Youkyung Lee
A visitor tries the Samsung Electronics' S7 edge smartphone at a shop of South Korean mobile carrier in Seoul, South Korea, Thursday, Oct. 13, 2016. Samsung Electronics says it has expanded its recall of Galaxy Note 7 smartphones in the U.S. to include all replacement devices the company offered as a presumed safe alternative after the original Note 7s were found prone to catch fire. (AP Photo/Lee Jin-man) (AP)

Samsung Note 7 recall expands to replacement phones

Youkyung Lee
Currency dealers wait for clients' orders under an electronic board showing Nikkei stock index, top, and the exchange rate between US dollars and Japanese yen, bottom, at Ueda Harlow, a foreign exchange trading company in Tokyo Wednesday, June 29, 2016. Asian stock markets rallied on Wednesday following overnight gains on Wall Street and even bigger gains in Europe, as worries about stepping into the era of uncertainty following Britain’s referendum eased. (AP Photo/Shuji Kajiyama) (AP)

Asian stocks up as worries from Britain’s EU leave vote ease

Youkyung Lee