According to a new report from The Korean Times, Samsung Electronics is planning to launch a Facebook -like social networking site by early next year. The report says Samsung ’s internal name for its project is “Samsung Facebook .

The new social network would be accessible on a wide range of devices, including laptops, cameras, televisions etc. It will allow users access to the social networking service from any device and at any time, The Korean company, which competes with iPhone maker, Apple for global supremacy in smartphones and touch-screen tablets business plans to integrate the service with Amazon’s cloud computing platform.

“By the end of the year, we will have a polished and finished version of Family Story that will be offered first to Samsung device users for free. The new service will become available in the first quarter of next year at the earliest. 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,”Samsung stated

“We are confident that the service will be popular globally. That means we need to guard against the possibilities of a data bottleneck. That’s why we want a server-based computing structure and disperse with a network of servers across different countries.’’

Samsung believes that its position as the world’s leading maker of smartphones and Web-enabled televisions will give it a quick start in this business.

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