Samsung Galaxy Gear-Home Screen

The Galaxy Gear was met with harsh criticism when it launched earlier this year, but Samsung may unveil an improved successor to its first smartwatch early next year at Mobile World Congress (MWC) in Barcelona. The news comes from The Korea Herald, which quotes an anonymous Samsung insider and claims the company may also introduce a health and fitness-oriented Galaxy Band at the same time.

According to The Korea Herald, Samsung is still developing the Galaxy Gear 2, which will allegedly feature a flexible OLED display. Whether or not the wearable device will be completed in time for MWC is unclear, though the Korean paper’s source claims “it’s a high possibility.” The Galaxy Band, meanwhile, would reportedly monitor the wearer’s pulse and blood pressure.

The report also claims that LG’s G Arch and G Health—similar smartwatch and fitness band devices which first leaked yesterday—could be unveiled at the same time by Samsung’s South Korean rival. However, these claims are only supported by IBK analyst Lee Seung-woo.

Both Samsung and LG have made a point of unveiling recent devices at standalone events, though it’s possible we could see an announcement take place around the same time as MWC at a nearby location. Either way, 2014 is looking like a big year for smartwatches, even after most major entries in 2013 failed to make a good impression.