Samsung Electronics plans to release the Galaxy Gear S3 smartwatch next month, as the tech giant is trying to recover from the Galaxy Note 7 fiasco. The company said Wednesday the device will debut in Korea, the United States and major European nations.

"We decided to market the Gear S3 midway through November at the latest in Korea and some other countries," a Samsung official said. "In China, the timepiece will be launched later."

The price of the two models ― the Gear S3 Frontier and the Gear S3 Classic ― would be different but they are likely to be in the neighborhood of 400,000 won ($356).

Samsung unveiled the Gear S3 in late-August at the IFA trade show in Berlin, Germany.

The water-resistant gadget, with a 3.3-centimeter circular display, has an in-built global positioning system (GPS) and the capacity to make contact-less payments.

In an emergency, Gear 3 users can tap the back buttons three times to send SOS signals and their location to designated friends or relatives, even if the smartwatch is not connected to a cell phone.

Users also can access thousands of applications, while the watch has a maximum four-day battery life and plenty of health-tracking functions.

The G3's competitor is the Apple Watch Series 2, introduced last month with the iPhone 7.