Samsung announces new upgrade program for Galaxy Note 7 owners in S. Korea

After the Galaxy Note 7 fiasco, Samsung is out to impress with the Galaxy Note 8, expected to land late summer/early fall

Owners of Samsung's Galaxy Note 7 in South Korea are being offered a new compensation package.

In a move to appease Galaxy Note 7 owners who had to exchange their faulty devices for a Galaxy S7 after reports of battery fires and exploding phones, the South Korean electronics and mobile giant announced an upgrade program that will make them eligible for a Galaxy S8 or Galaxy Note 8 when they're launched next year.

Customers will be able to upgrade to the forthcoming models at half the price of the Galaxy S7.

This is Samsung's latest attempt to quell angry consumers. The company has also offered 100,000 KRW (US$88) in compensation to Note 7 owners in the country.

There is no word on whether or not the upgrade program will be offered outside South Korea.