New Launch Alert : Tech giant Samsung to launch foldable smartphone on September 6

Samsung Electronics Co. Ltd. on Thursday said its first foldable smartphone, the Galaxy Fold, will be available in South Korea from September 6 with fifth-generation (5G) mobile connectivity.

The world's largest smartphone vendor said the device would be priced 2.398 million won ($1,977.47).

The highly anticipated handset was originally due to hit the U.S. market in April but the launch was delayed by screen defects detected in samples.

The firm said it would offer 5G and LTE-enabled versions of the Galaxy Fold in select countries including Britain, France, Germany and the United States. It did not provide release dates.

Samsung has promised to usher in a new age of foldable as part of its effort to showcase innovation in a saturated smartphone market.

The company announced in July it would be ready to sell the Galaxy Fold in September after making changes including strengthening hinges, which early reviewers had found to be problematic.

Samsung will provide a program for Fold users in which the company covers 70% of the cost of a display screen repair once within a year, according to its statement.

"Consumers have responded positively to larger screens, and the Galaxy Fold's revolutionary form factor offers a bigger, more immersive screen without sacrificing portability," said D.J. Koh, chief executive of IT & Mobile Communications Division at Samsung Electronics.

Last month, Chinese rival Huawei Technologies Co. Ltd. delayed the planned September launch of its own first foldable phone, its second postponement this year, as it battles a U.S. trade blacklist that threatens the tech giant's access to crucial U.S. technologies such as Alphabet Inc.'s Android operating system.

SK Telecom Co. Ltd., South Korea's biggest mobile carrier by subscribers, also on Thursday said it expected Galaxy Fold sales to boost its number of 5G subscribers, offering discounts and insurance plans for the high-priced folding phone.