SEOUL, July 24, 2007 (AFP) - South Korea's Samsung Electronics said July, Tuesday 14th it is considering an arrangement with Italian luxury goods designer Giorgio Armani to develop new premium products.

South Korea's Samsung Electronics is considering an arrangement with Giorgio Armani - Photo : Alphonso Chan/AFP

"Samsung is reviewing the possibility of teaming up with Armani," a spokesman told AFP.

He refused to confirm a report by Yonhap news agency that the two firms have held talks on developing premium mobile phones and televisions.

Samsung's domestic rival LG Electronics has tied up with Italian luxury goods designer Prada to develop a mobile phone which is also a fashion accessory.