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Live: Samsung's announcement from Mobile World Congress

Samsung is holding a media event at the Mobile World Congress in Barcelona, Spain, during which it is expected to unveil the Galaxy S 5.

The South Korean tech giant teased the event earlier this month with an image that seemed to imply the company will unveil the latest version of its flagship smartphone.

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Users who wish to watch can simply hit play on the YouTube video above.

The latest rumors surrounding the Galaxy S 5 said the device will feature a drastically redesigned user interface.

Some reports have also said that Samsung will include a fingerprint-scanning feature similar to the one Apple included on the iPhone 5s.

This past weekend, Samsung announced two new smartwatches -- the Gear 2 and the Gear 2 Neo -- at Mobile World Congress.

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