The new model, called Papyrus, will launch in Korea in June, and eventually make its way to the U.K. and U.S., a spokesperson for Samsung told Pocket-lint.
Slightly larger than a passport, the device will feature a stylus for touching the screen and 512MB of on-board memory for storing content, Pocket-lint reports. There is no SD card slot.
The device is intended not just to be an e-reader, but a "notetaker, world clock, diary, memo taker, calculator, and contacts" list, Pocket-lint says.
No confirmed pricing, but $299 is the going rumor -- $60 cheaper than the Kindle 2, but without EV-DO connectivity.
More images at Pocket-lint.