Samsung has confirmed that its premium Galaxy Fold smartphone is all set for the market and most of the issues related to the display of the device have been resolved.

Speaking at a conference organised by The Korean Information Display Society in Seoul on June 18, Samsung Didplay Vice President Kim-Seong-Cheol said that "most of the display problems have been ironed out, and the Galaxy Fold is ready to hit the market". However, he did not reveal any exact date for the launch.

Kim also said he had high expectations for the device, saying “The Galaxy Fold, when released, will receive a lot of attention in the market.”

The Galaxy Fold was initially set to launch in the month of April but surprisingly negative reviews of the device forced Samsung to delay the launch. A few weeks ago, the company was again reported to reveal the launch date in ‘coming weeks’ but there was no mention of a date. The launch could take place in July before the tech giant unveils its flagship for the latter half, Galaxy Note 10.

Kim also talked about relevant display technologies, saying that the OLED panel industry will evolve around foldable, unlike the past 15 years when the industry developed from rigid to flexible displays.

He admitted that in terms OLED production capacity, Chinese manufacturers would likely get ahead of their Korean rivals by 2020. “We plan to engage in a technological competition, and not a competition of production.”