Nov 29, 2010 13:38 GMT  ·  By

South Korean mobile phone maker LG Electronics is reportedly gearing up for the launch of a new smartphone running under Google's Android operating system, the LG LU3000.

For the time being, the Android device is said to have been tailored mainly for the South Korean market, though the device doesn't seem to have receive a proper introduction.

However, the new mobile phone is expected to impress a lot when made available for purchase, as it can reportedly offer faster speeds than what some of the currently available high-end smartphones on the market can offer.

According to the news, this Android 2.2 Froyo-based device can perform faster than both the Samsung Galaxy S and the iPhone 4 (these high-end devices come with 1GHz processors inside).

Of course, the LG LU3000 also sports a 1GHz application processor inside, a TI OMAP 3630 CPU, it seems.

The video embedded below should offer a look at how the device can handle a YouTube app. Moreover, you will be able to see how fast the smartphone is capable of loading various webs pages when compared to the performance of Samsung's and Apple's handsets.

The specifications list of the new device also includes a 3.8 inch IPS display that can deliver a WVGA (800 x 480 pixels) resolution, as well as a 5-megapixel photo snapper with flash and HD (1080p) video recording capabilities.

The new device should also come to the market with a HDMI port, which suggests that it would be able to handle playback of HD videos.

It remains to be seen when would LG plan on unveiling more on this device, and whether the handset would also be released on other markets around the world, as specific info on the matter lack at the moment.

In the meantime, you should have a look at the videos below to make an idea of what the handset it all about.