Same as last year Samsung is launching a festive red color version of its current Galaxy Note. The Velvet Red Galaxy Note 4 is available only for SK Telecom in South Korea. Samsung released a red color option for the international version too, but that wasn't until February.
The current color pallet for the flagship phablet is Frosted white, Charcoal black, Bronze Gold and Blossom Pink. Specs are unchanged with a 5.7" QHD Super AMOLED, an Exynos 5433 chipset, 3GB of RAM and 32GB of storage and 16MP of optically stabilized camera.