Oh no, it's official, Samsung recalls Galaxy Note 7

An employee uses a Samsung Electronics' Galaxy Note 7 new smartphone at its store in Seoul. Photos: Reuters

Samsung Electronics Co Ltd will replace all Galaxy Note 7 smartphones equipped with fire-prone batteries and halt sales of the flagship product in 10 markets, a devastating blow for what had been a revival in the firm's mobile business.

Koh Dong-jin, head of the South Korean company's smartphone business, spoke at a news conference jam-packed with reporters and cameras where he expressed regret at the recall, which will affect markets including South Korea and the US – but not China, where models feature a different battery.