A prototype of foldable display is finished with development and the company is hoping to mass-produce the device starting from second half of this year, according to a media report. Samsung reportedly invested into several technologies that are needed to build foldable smartphone.

The device can bend a screen in half by using OLED Display. One can carry it like a wallet and use it by opening it."Development of foldable OLED is taking place according to our plan. We are planning on mass-production and release of this product by discussing with our partners," Lee Chang-hoon, director of Samsung Display, said in January this year.

"Although mass-production cannot be concluded hastily since Samsung Electronics still has few other major tasks to complete, I have heard that Samsung Electronics had made considerable amount of results in the time being," a representative of an industry was quoted as saying.

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