The company also confirmed it's developing a smart speaker.
You could be able to buy a foldable phone as soon as 2018, says Koh Dong-jin, president of mobile business at Samsung Electronics.
As reported by the Associated Press, Koh told Korean reporters on Tuesday that once the company surmounted "some problems," it would launch the product. He did not say what the problems were.
Samsung has been experimenting with foldable displays for a while now. The company first showcased a flexible phone display prototype in 2013. Before that, Samsung was making flexible displays, sans phone, way back in 2011.
Koh also confirmed that the company is working with auto-systems maker Harman on a smart speaker. Samsung acquired Harman, based in Stamford, Connecticut, in 2016. No further details about the smart speaker were revealed on Tuesday.
Samsung did not immediately respond to a request for comment.