Look out, Google Glass: Samsung eyeing wearable technology

Samsung reportedly is gearing up for the wearable technology market.

Speaking at the company's Analyst Day, Samsung Vice Chairman and CEO Kwon Oh-hyun said Wednesday that his company has been dedicating significant resources to several technologies, including "wearables," according to the Wall Street Journal, which was in attendance at the event. The slide to accompany his comment showed the Galaxy Gear smartwatch and also eyeglasses that might compete with Google Glass.

Rumors have been swirling that Samsung is at work on smart eyewear. Last month, a patent filing surfaced in Korea for Samsung eyewear. That application indicated that the device would be connected directly to a smartphone and feature built-in earphones.

Samsung has not announced any plans to launch a Google Glass competitor, but Kwon's comments seem to indicate such a device is coming.