Samsung Electronics is all set to launch its next-generation Galaxy S smartphone on March 14, but latest news from The Korea Times claims that the South Korean mobile maker is reportedly planning to launch a smartphone with an extra-large display measuring 5.9 inch.

"Samsung is working on introducing a new phablet using a 5.9 inch OLED (Organic Light-Emitting Diode) screen," an official told The Korea Times on condition of anonymity.

The anonymous official cited that the new device will be powered by the Samsung's very own Exynos Octa processor and the company will be launching this large-screen device in the latter half of the year to maintain its leading position on the rapidly-growing smartphone/phablet market.

Samsung is already dominating the phablet market with the 5.5 inch Galaxy Note II and has sold 10 million units since its launch. But Chinese mobile manufactures such as ZTE and Huawei are giving tough competition by launching large-screen smartphones such as Grand Memo with 5.7 inch display and the Ascend Mate with 6.1 inch screen respectively in the phablet market.

The latest report by The Korea Times apparently bears close semblances with SamMobiles post in January. SamMobile, which tracks Samsung-related rumors, reported that Samsung will soon launch the Galaxy Fonblet (GT-19152) featuring a massive 5.8 inch display.

SamMobile also stated that the model number (GT-19152) indicates that the device will come with dual-SIM support and it is yet unclear whether it runs on Android v4.1.2 or v4.2.1 (Jelly Bean) operating system out of the box.

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