Samsung Electronics is rumored to be working on a smart watch product known as the Galaxy Altius. The Altius would compete against the rumored Apple iWatch. It is unknown when the Altius would arrive. According to a Korean message board, the Altius is definitely coming though.
The Galaxy Altius is supposed to have an LCD display and is expected to have a slimmed-down version of Android. The Altius is also supposed to have a music player, clock, and e-mail access. Below is a screenshot of what the Altius may look like: