By Bary Alyssa Johnson (staff@latinospost.com) | First Posted: Sep 18, 2012 04:59 PM EDT

LG announced on Tuesday its new Optimus G LTE smartphone. The handset is slated to go on sale in South Korea next week, in Japan next month and is expected to reach the U.S. market by November.

The Optimus G will retail for almost $900 and should shake up some competition for Samsung's Note II, Nokia's Lumia 920 and even the Apple iPhone 5 as the holiday season sales start to heat up.

"The challenge all phone makers have is getting their product to market fast enough to ensure that they remain a consideration for consumers who are chomping at the bit to get the new iPhone 5," Ben Wood, director of research at CCS Insight said in a statement.

LT is trying to gain a foothold in the mobile phone market with its newest smartphone. Previous Optimus models from LG have failed to turn the company's struggling mobile business around, but LG says it hopes the Optimus G model will "help accelerate the division's turnaround," USA Today reports.

The Optimus G will utilize Google's Android platform. It features Qualcomm's 1.5GHz quad-core Snapdragon processor, enabling the phone to work on über-fast networks and allowing users to accomplish multiple tasks at once, such as viewing a TV broadcast while at the same time searching the Web. It will be a step apart from most current smartphone models which feature either LTE and a dual-core processor or a quad-core processor and 3G.

LG's newest Optimus model will weigh 5.1 ounces, feature a 4.7-inch screen with 1280x768 resolution and has 2GB RAM. The smartphone also boasts a 13 megapixel rear-facing camera and 1.3 megapixel front camera.

Computerworld reports that LG and Qualcomm are hosting an event in New York City on Wednesday, where attendees can expect more details about the Optimus G - possibly pricing and carriers.

"The Optimus G is our flagship phone with a competitive edge," Park Jong-seok, LG's mobile business president said during today's unveiling. "We are trying to make phones differentiated from our rivals."

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