A major leak yesterday gave us our first detailed look at the Galaxy Z Fold 2. There’s a lot of excitement for Samsung’s next foldable smartphone. It’s clearly going to bring a lot of improvements over its predecessor, the Galaxy Fold.

What many had hoped was that Samsung would price it a bit lower than the $1,980 that it asked for the Galaxy Fold. A new report out of South Korea claims that we shouldn’t expect a price cut for the device. It also mentions September 18 as the Galaxy Z Fold 2 release date.

Galaxy Z Fold 2 is probably not going to get a price cut

The report mentions that Samsung and its carrier partners in South Korea have agreed on September 18 as the release date for the Galaxy Z Fold 2. It goes without saying that South Korea will be among the first, if not the first, market to receive the company’s new foldable device.

Samsung will reportedly sell the Galaxy Z Fold 2 for 2,398,000 Korean won which is exactly what it charged for the Galaxy Fold. This is the equivalent of $2006 at prevailing exchange rates. So if Samsung is not cutting the price, this means customers elsewhere can expect the same $1,980 price tag. The silver lining here obviously being that at least it’s not going to increase the price.

Customers who don’t mind paying more will be able to purchase a Galaxy Z Fold 2 Thom Browne Edition. It appears that Samsung is extending the partnership it entered into with this fashion designer for the Galaxy Z Flip to the new foldable as well. The Thom Browne Edition will most likely have an exclusive finish with accessories to match. It’s expected to cost almost 4 million won or $3,350.

Samsung is likely going to unveil the Galaxy Z Fold 2 on August 5 during its virtual Galaxy Unpacked event.