Not only is Samsung set to begin selling refurbished versions of its its ill-fated Galaxy Note 7 in South Korea, but the firm also has plans to rebrand it.

A new report has revealed that the South Korean firm has renamed the smartphone 'Galaxy Note FE', which stands for 'Fandom Edition', in a bid to 'minimize the refurbished phone image'.

The handset is said to boast the same look as the original, but with a smaller 3,200 mAh battery – it is also speculated to cost 30% less than the Galaxy Note 7.

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A new report has revealed that the South Korean firm has renamed the smartphone 'Galaxy Note FE', which stands for 'Fandom Edition', in a bid to 'minimize the refurbished phone image'. Pictured is the original Galaxy Note 7 that were recalled in 2016 for battery problems

GALAXY NOTE FE A new report has revealed that the South Korean firm has renamed the smartphone 'Galaxy Note FE', which stands for 'Fandom Edition'. The handset is said to boast the same look as the original, but with a smaller 3,200 mAh battery – it is also speculated to cost 30% less than the Galaxy Note 7. The refurbished Galaxy Note FE is set to hit the South Korean market by the end of June. And Samsung plans to release 30,000 units at launch. Advertisement

The latest report was shared by ET News, which cited 'a plurality of mobile communication companies' as its source.

'The Galaxy Note FE was named Galaxy series loyal customers,' sources said.

The purpose of the revived handset is to market it towards fans of the device, all while minimizing the refurbished phone image.

However, ET News shared that Samsung Electronics will use the refurbished 'R' to name to make it clear that it has been refurbished.

Samsung's senior official, Lee Myung-bak, has also chimed in to give more details regarding the Note 7 FE's price and release date.

'The Galaxy Note 7 Ripper Phone is most likely to launch in Korea at the end of June,' he explained.

The term 'ripper' is used in Korea to signify a refurbished phone.

'The Galaxy Note FE supplied by Samsung Electronics to the carrier is estimated at 300,000 units.'

'I am confident that the Galaxy Note 7 Ripper Phone will have sufficient standby demand.'

The South Korean firm first revealed plans to refurbish the Samsung Galaxy Note 7 in February.

However, the announcement came five months after activists and environmental groups had been urging Samsung to commit to a plan that would recycle millions of Galaxy Note 7 phones - instead of just tossing them into a landfill, which seemed to be the initial plan.

But the firm revealed three principles ‘to ensure the Galaxy Note 7 devices are recycled and processed in an environmentally-friendly manner’.

‘First, devices shall be considered to be used as refurbished phones or rental phones where applicable,’ Samsung shared in the announcement.

‘Second, salvageable components shall be detached for reuse.’

‘Third, processes such as metals extraction shall be performed using environmentally friendly methods.’

And earlier this month, the firm announced it had passed through Federal Communications Commission (FCC) certification and consumers could buy a refurbished unit at the end of June.

The handset is said to boast the same look as the original, but with a smaller 3,200 mAh battery – it is also speculated to cost 30% less than the Galaxy Note 7 (pictured is a Galaxy Note 7 that exploded in Richmond, Virginia in Oct 2015

At this time it was also stated that the refurbished smartphones would include smaller batteries, as it was 'irregularly sized batteries' that caused the handset to explode following its August release.

When Samsung took the stage in New York on August 2, 2016 to unveil the 5.7 inch Galaxy Note 7, the firm used the event as an opportunity to take a stab at Apple's upcoming iPhone 7.

'Want to know what else it comes with?' teased Samsung's vice-president of marketing, Justin Denison.

GIRL, 13, SUFFERS MINOR BURN FROM NOTE 7 REPLACEMENT A Minnesota father says his daughter suffered a minor burn to her thumb when her replacement Samsung smartphone melted in her hand last week. Andrew Zuis of Farmington, Minn., said his daughter, Abby, was holding the Galaxy Note 7 in her left hand Friday when it melted. Zuis said that the family had acquired the new phone on the day the replacement phones were released. There had been no problem with the original phone, he said. The battery fiasco cost the firm at least $5 billion. Samsung had found that there were two issues that plagued the Note 7. Andrew Zuis of Farmington, Minn., said his daughter, Abby, was holding the Note 7 (pictured) in her left hand when it melted 'It's very fortunate Abby was not injured and was holding the phone,' Zuis said. 'If it was in her pocket, I think it would have been a whole different situation. I'm just very disappointed in Samsung and their product.' Zuis provided KSTP-TV with receipts showing that the family bought a Galaxy Note 7 in August and then exchanged it Sept. 21 after Samsung announced the recall. 'She's done with Note 7s right now,' Zuis said of his daughter. A Samsung representative told KSTP that an investigation is underway. 'We want to reassure our customers that we take every report seriously and we are engaged with the Zuis family to ensure we are doing everything we can for them and their daughter,' the representative said in a statement. Advertisement

'An audio jack. I'm just saying.'

But little did Denison know that he would soon be eating his words.

Days after the Galaxy Note 7 launched reports had surfaced that the devices were bursting into flames.

And a month later, mobile chief D.J. Koh held a press conference in Seoul, South Korea where he announced the recall of 2.5 million Galaxy Note 7 devices, stating that users would eventually receive a replacement - a new and safe Note 7.

However, the second device were also found to be faulty.

When replacement phones - with batteries from another firm, largely thought to be Chinese manufacturer ATL - also started to combust, the company decided to kill off the Note 7 for good.

Following its own investigation into the mysterious issue, Samsung had discovered that the phones were fitted with 'irregularly sized batteries' that caused battery cell's upper right corner to be crimped by the casing.

And the replacement phones that were found to explode was a result of manufacturing issues, including poor welding at the battery manufacturer.

The Galaxy Note FE supplied by Samsung Electronics to the carrier is estimated at 300,000 units and is set to be released in South Korea in the end of June (pictured is a Samsung Galaxy Note 7 that combusted in September 2016)

In December, the firm issued the same software push to users on the US Cellular network.

The major blunder has somewhat tarnished the Samsung brand and has also sparked many concerns among government and regulatory officials.

But instead of simply tossing the Note 7, the firm is giving it one more chance.

However, it is also said that the firm will not release units in the US or Canada, but Android Authority noted that users in these countries 'might be able to acquire it from re-sellers'.