Fine M-Tec Co., Ltd. Says Foldable Quality Issues Are Unrelated to Supplied Components; Considers Legal Action Over False Information

[Financial News] Fine M-Tec Co., Ltd. said that quality issues recently raised about some foldable smartphones are unrelated to the components it supplies. The company said it would consider legal action against efforts to blame its components for defects or spread such claims based on unverified information.
In an official statement posted on its website on the 26th, Fine M-Tec Co., Ltd. said, "The recently raised quality issues are unrelated to defects in components supplied by our company."
The company explained that objective technical verification must come first before individual issues observed in finished products can be linked to defects in specific components.
The company emphasized that it verifies and manages its products in accordance with its customers' technical specifications and quality standards, from product development through mass production. It also said it would maintain its collaborative relationships with customers and improve quality and overall product finish.
Fine M-Tec Co., Ltd. expressed concern about efforts to identify its components as the cause of a problem without verifying the facts, or to spread related information as if it were true through online communities, social media and other channels. The company said it would consider responses, including civil and criminal action, if its reputation and credibility or the interests of its shareholders and investors were harmed.
Fine M-Tec Co., Ltd. added, "Our company will continue to live up to the trust of our customers and shareholders through our accumulated technical expertise and rigorous quality control."
Meanwhile, some in the industry say it is difficult to determine that a specific component is responsible based solely on an issue observed in a finished product. Others point out that technical verification results from customers and component suppliers are needed to resolve market questions about the cause.
Fine M-Tec Co., Ltd. asked members of the media and market participants to refrain from citing and spreading speculative information and to make judgments based on objective facts.


[email protected] Kim Gyeong-a Reporter