A new report from Korea Times says another iPhone is being worked on, and it should arrive this summer.

Nothing too shocking here. Apple typically releases a new iPhone every summer.

But some of the details in the Korea Times story are very peculiar. In bold is Korea Times reporting, our thoughts follow:

KT will be testing the phone in April, phone should be out in June. Sounds about right.

Sounds about right. It will have an OLED screen. The Nexus One has an OLED screen, and the rumor mill keeps talking about this for Apple. Maybe it happens, we'll see if the tablet has one.

The Nexus One has an OLED screen, and the rumor mill keeps talking about this for Apple. Maybe it happens, we'll see if the tablet has one. Live video chat. A possibility, but again, one of those things the rumor mill always brings up.

A possibility, but again, one of those things the rumor mill always brings up. Removable battery is highly likely. We disagree. Steve Jobs doesn't seem like the type to allow a removable battery. This is highly unlikely.

We disagree. Steve Jobs doesn't seem like the type to allow a removable battery. This is highly unlikely. Dual core processors. We think Apple's next generation phone will be more powerful, so maybe, assuming they don't eat up too much battery.

We think Apple's next generation phone will be more powerful, so maybe, assuming they don't eat up too much battery. Better still and video imaging. All the competition upgraded its cameras, so we think Apple will too.

One question we still have is regarding the "4G" name being used in the story. Is this just a "fourth generation" iPhone they're referring to? Or an iPhone capable of connecting to a 4G wireless network?

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