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"Before we take it to the market, we want to share with developers what we've done so far and see what they think of it", the official said.
Now that they've been beaten to the folding phone punch by lesser-known brand Royole, it seems Samsung is gearing up to show us what they've been working on all this time.
The foldable phone when unfolded turns into a 7.8-inch tablet. Naturally, there has been no hint of a price tag, but you can guarantee that buying the foldable phone will not be something that your wallet will thank you for.
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The South Korean tech giant is among a handful of firms which have flagged that foldable phones will be coming to market soon. Up to a million units are expected to get rolled out, but exactly when, has still been in question. The side edge where the hinge is can display notifications much like a typical smartphone notification bar, as well as manage calls, messages and "other notices that may disturb the primary and secondary screen usage".
The promise of a foldable display is compelling. However, there are reports that Huawei is aiming to beat Samsung here by delivering its foldable phone first. That would, however, account for just 3.5 percent of projected global smartphone sales.
Royole has made its mark with the world's first commercially-available folding smartphone-tablet hybrid, a feat massive and established mobile phone manufacturers have been racing towards for years.
On Sunday, the company took to Facebook to share a not-so-subtle teaser that it's preparing to release a foldable smartphone.