Official confirmation at last?? The race is slow and also smartwatchs silent, with participants ferocious as Apple, Google, Sony and Samsung supusto. All we know is what the rumors say, so there is no evidence of the existence of these devices. Not long ago a supposed leaked screen shots of the Korean smart watch, which says that eventually proved false, and now also a Bloomberg report indicates that a Samsung executive confirmed the existence of the SmartWatch to mention that maintainer team was working hard on the issue.
Obviously it is still quite early to talk about specifications. They even have become even rumors, so unless they are officers should not be given much importance.
All we can deduce about the future are a few things SmartWatch: Android bear (perhaps a custom version), their applications will be really light and can connect to your smartphone using Bluetooth.
Hopefully Samsung will soon make a special announcement, as expectations for this type of clock modern technology are many.