A smartwatch device patent has been discovered in South Korea, with concept images apparently revealing that the device could pack a flexible display of some sort.
According to SamMobile, the patent found with the Korea Institute of Patent Information mentions SM-V700 model number for the smartwatch, which is the same model number we've seen in recent Samsung Gear smartwatch rumors. The Gear name is yet to be confirmed though.
Registered on May 31, the model number SM-V700 is mentioned again in the patent filing, and the images show what seems to be a concept design that may or may not make it to the actual product, though the final design should be something similar. You can make quite a few things, such as the placement of the power button, USB port, speaker/mic, and capacitive back and menu buttons, though again, these could just be part of the concept and may be placed differently.