The mobile division of LG Electronics has launched its latest 'V' series smartphone - the LG V20.

The LG V20 was unveiled in San Francisco as well as South Korea's capital, Seoul, simultaneously on September 7. The South Korean electronics and tech conglomerate, however, made no announcement about the pricing of the LG V20. The device is likely to go on sale this month in South Korea. But the company did not disclose its release dates in the United States, China, and other countries.

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"The LG V20 is designed to offer customers a more dynamic experience by building on the most popular video and audio features of the V series," LG's mobile division chief Juno Cho said in a statement.

The LG is hoping to revive its mobile business with the launch of its latest device in the 'V series. Juno said the company is banking on the fact that the new LG smartphone would be a turning point for its mobile division.

The LG V20 is billed as the world's first device to run on the Google-developed Android 7.0 Nougat operating system out of the box. It would come with a 5.7-inch high definition display with a resolution of 1440x2560 pixels.

The newest LG smartphone is powered by a quad-core Qualcomm Snapdragon 820 processor and equipped with 4GB RAM and 64GB internal memory, which can be expanded up to 2TB via microSD card.

The LG V20, an upgraded version of LG V10, has 16-megapixel rear camera and a 5MP front camera. It sports a fingerprint censor and is much lighter and thinner than its predecessor.

Can’t get enough #LGV20? Learn more here: https://t.co/9XFGDK82BD pic.twitter.com/3HfrFsNMlD

— LG USA Mobile (@LGUSAMobile) September 7, 2016