Samsung will release the Galaxy Fold Foldable Phone in South Korea on Friday

The Fold, which opens like a book, will go on sale in South Korea on Friday.

Samsung will release the Galaxy Fold Foldable Phone in South Korea on Friday
Samsung will release the Galaxy Fold Foldable Phone in South Korea on Friday

Samsung on Thursday announced the launch of its expensive — and troubled — Galaxy Fold Foldable Phone, which will become the first foldable phone to hit the market.

The Fold, which opens like a book, will go on sale in South Korea on Friday. Sales in other countries, including France, Germany, Singapore, the United Kingdom and the United States, will follow, though Samsung did not specify when exactly the phone will reach those markets.

The foldable phone, which will retail for $1,980, was originally supposed to hit stores in April. Those plans were shelved after reports from early users about how quickly the device broke.Samsung (SSNLF) said Thursday that it has spent the past several months “refining” the phone.

“Now, we’re excited to release this pioneering mobile technology, and allow consumers to experience it for themselves,” said DJ Koh, Samsung’s president and CEO of IT & Mobile Communications Division, in a statement.

The 4.6 inch-smartphone’s key selling point is that it opens up into a 7.3-inch tablet. But reviewers complained of several problems, including defective hinges and broken screens, after they mistook the Fold’s protective film for a disposable shield and removed it. More

By Sherisse PhamCNN Business