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Samsung's halt of Galaxy Note 7 hurt Q3 GDP - finance ministry official

Reuters

SEOUL (Reuters) - Samsung Electronics Co Ltd's decision to scrap its Galaxy Note 7 smartphone likely erased 0.1 to 0.2 percentage points from third-quarter GDP growth in quarterly terms, a finance ministry official told Reuters on Tuesday.

The official, who declined to be named as he was not authorised to speak to media on the issue, made the comments just hours after the Bank of Korea estimated third-quarter GDP growth at 0.7 percent from the previous three-month period.

(Reporting by Christine Kim; Editing by Jacqueline Wong)