Samsung is rolling out an upgrade program to South Korean Note 7 customers that have traded in their Note 7 handsets for an S7 or S7 edge. Customers joining the Galaxy Upgrade program will have to sign a two-year contract and pay monthly instalments on their current device (the S7 or S7 edge) for 12 months, after which they'll be able to upgrade to the Galaxy S8 or Note 8 for free.

Those looking to upgrade to next year's handsets as soon as they become available can do so by paying off their instalments ahead of time. Samsung is also throwing in fast track service and a 50% discount on display repair costs, which can be availed twice.

The program is open until November 30, and customers that have already exchanged their Note 7 are also eligible. By offering an easy way to upgrade to next year's flagships, Samsung is looking to prevent customers from leaving en masse.

The program is now live in South Korea, and more details should be forthcoming shortly. There's no word right now if Samsung intends to launch a similar program in other markets, but we'll let you know if that's the case. Also, today's announcement means that the Note brand will live on.