LG will launch its first 5G smartphone, the V50 ThinQ, in South Korea on April 19, two weeks after the release of Samsung's Galaxy S10 5G.
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LG Electronics sold 200,000 V20 smartphones in the US since launching them there last month, double that of its predecessor V10 in the same amount of time.
Marketing for the G5 has been costly for LG in the first quarter but strong sales of TVs and home appliances boosted its profit by 65 percent, the South Korean tech giant has said.
Samsung's annual year-end financial report has revealed that rival Apple was one of the South Korean tech giant's top sources of revenue for 2014.
The Z2 smartphone is the third in the low budget series aimed at the country and the first to support 4G LTE connectivity.
Samsung plans to launch a fingerprint authentication mobile payment service in South Korea this month, with the aim to later expand it globally, the company has said.
Apple's iPhones have double the electromagnetic waves absorption rate of Samsung's Galaxy series, according to data from South Korea's National Radio Research Agency presented during a committee hearing.
New Galaxy Note 7s will have different colored battery indicators to differentiate from the original faulty phones, but questions remain whether it will quell safety concerns.
Samsung will use batteries made by China's ATL for the next batch of Galaxy Note 7s instead of its former primary supplier, a South Korean report says, following the phone's recall.
Thank you washing machines and refrigerators: despite huge losses from its G5 smartphone, LG Electronics forecasts profits of 584.6 billion won for the second quarter from strong home-appliance sales.