Samsung Electronics is expected to enter the social network service (SNS) market early next year by introducing a Facebook-like service, according to a report from South Korea. The Korean Times cited Samsung officialls as saying that the electronics giant has been developing a social networking service that could eventually compete with Facebook. The new new website will be accessible on a wide variety of Internet-capable devices, including cameras and televisions, the report added.

Users will be able to access the new social netowrk from anywhere and on any device, by taking advantage of cloud computing technology powered by Amazon's technology, according to the report.

The new service is expected to become available in the first quarter of next year.

"The eventual goal is to expand our social media service across different devices from different companies across different mobile platforms. That includes cameras, televisions and blue-ray players," a Samsung official reportedly said.