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		</div><p>Samsung&#8217;s share price has tanked as it grapples with a vast product recall following reports its flagship Note 7 smartphone keeps bursting into flames.</p>
<p>Shares sank more than 7% to a near two-month low after US aviation authorities warned flyers not to use the device, which has been seen exploding or catching fire after charging.</p>
<p>Its sharp fall on the Korean stock market will prove food for thought for Lee Jae-yong, the only son of its ailing chairman, who was nominated to join the Samsung Electronics board of directors on Monday.</p>
<p>The 48-year-old Harvard-educated vice chairman at Samsung is thought to have been making key decisions for Samsung since his father Lee Kun-hee, 74, fell ill.</p>
<p>Samsung has seen its market value come under further pressure after America&#8217;s aviation regulator &#8211; The Federal Aviation Administration &#8211; issued a warning against the Note 7 on Thursday.</p>
<p>Many airlines, including Australia&#8217;s Qantas, have immediately enforced its advice.</p>
<p>In a further blow to the company, the US Consumer Product Safety Commission has also urged American users to turn the phones off and leave them off.</p>
<p>The world&#8217;s largest smartphone maker scrambled to address the problem last week, recalling 2.5 million Note 7 phones and vowing to replace all the devices which have been handed in.</p>
<p>The fiasco looks set to be a costly set-back in its hard-fought battle against Apple to dominate the global mobile phone market.</p>
<p>Samsung&#8217;s Note 7 had sought to up the ante on Apple&#8217;s iPhone with its dual-curved screen and water-resistant technology.</p>
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