Its unveiling marked the first time that the Galaxy Unpacked event was held in the company's home country of South Korea.
The Galaxy Z Flip 5 has two screens: its foldable inner 6.7-inch display with a 120 Hz variable refresh rate and its 3.4-inch cover display.
The Z Flip 5 is powered by the Qualcomm Snapdragon 8 Gen 2 for Galaxy.
The device's included battery is a 3700 mAh dual-cell unit that fast charges via USB-C up to 25 W, or via wireless charging up to 15 W. The Z Flip 5 features two rear cameras, including a 12 MP wide-angle camera and a 12 MP ultrawide camera.
It has a 10 MP front-facing camera at the top of the display.