Samsung Electronics Co. Ltd. is a South Korean multinational electronics company headquartered in Suwon, South Korea.it has assembly plants and sales networks in 80 countries and employs around 308,745 people.

Samsung Electronics is preparing to unveil its second foldable device early next year, a luxury phone that folds down into a compact-sized square.

A device with a 6.7-inch inner display that shrinks to a pocketable square when it’s folded inward like a clamshell, according to people familiar with the product’s development. Samsung is seeking to make its second bendable gadget more affordable and thinner.

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