LG has confirmed plans to bring its expertise in flexible displays to an actual phone model, expected to be released before the end of 2014. The phone will be most probably have a curved, high-resolution OLED, while its main body will remain rigid, LG vice president of mobile, Yoon Bu-hyun told the Wall Street Jornal.

Previously, Bu-hyun had spoken about "something big" coming before the end of the year during the company's earnings call.

Last year, LG started producing flexible-display e-readers. Samsung has also invested in flexible display technology in recent years and showcased a prototype curved screen smartphone at this year's CES in January.