Update: The Verge has now received a statement from Samsung saying, "the recent rumors concerning ChatOn have been false, as ChatOn will continue to be offered to consumers worldwide."

Original story: As part of Samsung's overall restructuring plans that were revealed earlier this week, a new report says that the company will shut down its ChatOn messaging service.

The Korea Times quotes an unnamed Samsung official as saying, "Samsung Electronics plans to exit from the mobile messaging market from region-to-region as part of corporate strategy to restructure unprofitable businesses and improve profitability." Another unnamed Samsung official stated, "Samsung is on track to streamline its business units. From a business point of view, ChatOn isn't a business that can show improvement in the future."

ChatOn was first launched in 2011 and is currently being used in 120 countries. This new report didn't state exactly when or where the ChatOn service would be shut down, although the unnamed Samsung execs claim that it won't happen immediately. Will any of you miss ChatOn when it's finally gone?

Source: The Korea Times