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Galaxy Note 8 is planned, Korean Note 7 buyers will get it half price

For Korean Samsung customers who had to exchange their faulty Galaxy Note 7 for a S7 or S7 Edge, the company will offer a 50 percent monthly discount when they switch to the Galaxy S8 and Galaxy Note 8.

Samsung Electronics is officially planning a Galaxy Note 8, and along with the Galaxy S8, will offer an upgrade program to certain customers for half the monthly amount.

The monthly discount of up to 50 percent will be for South Korean users who exchanged their faulty Galaxy Note 7 for a Galaxy S7 or S7 Edge.

Those who join the Galaxy Upgrade Program, after signing a two-year contract and paying the monthly fee for 12 months, can change their S7 or S7 Edge for a Galaxy S8 or Galaxy Note 8 for free.

If they wish to change before a year, all they need to do is pay up to the 12 months, Samsung said.

Those who join the program will also get a fast track service for after-sales and twice have 50 percent off display repairs, much like what is offered in the Galaxy Club exchange program.

Unlike the Galaxy Club, the new program is offered completely free to Note 7 users.

The deadline to join the program is November 30, and Samsung will announce the starting date for the program soon, it said.

The offer for the program is applied to Korea, for now. How and when the program will be offered to other countries will depend, the company said.

The firm ended production of the Galaxy Note 7 earlier this month following a recall due to recurrent issues of exploding batteries.