( CNN ) -- Samsung 's flagship smartphone could be getting twice as fast . The South Korean electronics company plans to release a quicker version of the Galaxy S4 , says CEO J.K. Shin . He told Reuters it will be for sale in South Korea later this month . The phones , which will be powered by a new Qualcomm processor , use what 's being called LTE-advanced technology , which will reportedly deliver data at speeds up to twice those of current 4G LTE connections . Some downloads could be even quicker . A movie that takes three minutes to download on the current Galaxy S4 would take one minute on the new phone , Samsung told Reuters . Shin said Samsung is in talks with carriers in other countries about the phone . He did not specify which countries , or carriers . The Galaxy S4 has been Samsung 's most popular smartphone yet . It passed 10 million sales in its first month -- a clip that outpaced its predecessor , the S3 , which emerged as the Android system 's most successful rival to the iPhone . Recently , though , both Apple and Samsung have seen a slowdown in sales of top-end smartphones , as that market has shown signs of becoming saturated . An even faster S4 , obviously , would be an effort to appeal to that upper-tier buyer who 's willing to fork over cash for the fanciest and fastest new models . Shin told Reuters the new model would be `` slightly more expensive '' than the current S4 , which sells for $ 199 and up , depending on the carrier and which service plan the customer signs up for . Last month , Samsung announced that it will be making a smaller version of the S4 . That phone will be unveiled at an event Thursday . There also have been unconfirmed reports that Apple will release a cheaper version of its iPhone . As the high-end market tightens up , Apple , Samsung and other phone makers are eyeing developing countries , where interest in smartphones is still growing .
Report : The report is a bit of an embarrassment for the government and its own intelligence agencies. Variant will transmit data at twice the normal speed . Samsung in talks with carriers in other countries about the phone , report says .