Rumours of Samsung's Galaxy X have been swirling for some time, but Koh suggests that the launch could be within a couple of months.
The company now seems certain that there's enough demand for a folding phone. It has asked consumers and a device with a folding screen was clearly on their wishlists.
Although the construction of a device which can be folded in half is complicated Koh said that development on the concept was "nearly concluded".
Koh also made it clear that the device will need to have a distinct purpose. In an interview with CNBC he said: "What kind of benefit does that [phone] give compared to the tablet? If the unfolded experience is the same as the tablet, why would they buy it?".
Samsung has been working on the technology behind a folding phone for some time.
As far back as 2009 the company was demonstrating OLED screens that could bend and, as such, be useful in folding phones.
Last year rumours picked up pace with leaks suggesting a new Samsung Galaxy X would arrive in 2018, but it now looks more likely that any folding phone will appear at Samsung's developer conference in November.
A device probably won't go on sale until at least 2019.
The Galaxy X, or whatever Samsung's folding phone ends up being called, will no doubt be expensive. The current flagship, the Note 9, costs up to £1,100 in its 512GB capacity.
The added complication of a folding mechanism and two screens could make the Galaxy X very expensive indeed.
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