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Samsung readying iCloud competitor for May 3?

That's the latest report out of Korea, where Maeil Business says the company will be unveiling its S-Cloud service in two weeks.

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Samsung already has its sights set on Apple for May 3 when it will unveil the Galaxy S III smartphone, but it might also be ready to target iCloud, according to a new report.

Korean news outlet Maeil Business is reporting today (Translate), citing a leaked Samsung "consolidation plan," that Samsung will unveil an iCloud competitor, called S-Cloud, at its May 3 event in London. As with iCloud, S-Cloud will allow users to send content up to the cloud and sync that across multiple devices. However, the news outlet says that S-Cloud won't come with the content-uploading limitations found in Apple's offering.

Samsung announced plans earlier this week to hold a special event on May 3 to unveil its Galaxy S III handset. A host of rumors have been swirling around that device, suggesting that it could come with everything from a quad-core processor to a sleek design concept. The excitement surrounding the device is palpable.

For its part, Samsung hasn't confirmed that it will be showing off anything other than the Galaxy S III. However, several reports have been surfacing over the last few months suggesting the company was nearing the launch of a cloud-based service. Back in February, for example, Samsung-tracking site Sammy Hub reported that the company could be launching S-Cloud in August.

Maeil Business did not say when S-Cloud might launch, but it did report that Samsung might have partnered with Microsoft on the offering to ensure the global launch goes smoothly.

Samsung did not immediately respond to CNET's request for comment.

(Via The Verge)