The announcement from the South Korean smartphone manufacturer came after industry leader Samsung launched the second generation of its own Internet-enabled smartwatch, the Gear 2.
"We are working on the development of a watch," said
"(It) will come out this year," he said, adding the watch would be remotely linked to smartphones.
"We're working hard to put on the table something that other companies have not offered yet," Park said, without elaborating further.
LG - the world's fourth-largest smartphone maker - has not yet entered the market for wearable devices currently dominated by firms like Samsung,
Rising Chinese smartphone manufacturer
Wearables increasing fast
A typical smartwatch allows users to make calls, receive texts and emails, take photos and access apps. So far, few companies have managed to generate much consumer excitement or sales in the market, also eyed by firms like Apple and
Apple is believed to be set to launch its own smartwatch soon, while
The much-anticipated "Galaxy Gear" smartwatch launched by Samsung last September was received coldly by consumers, who viewed it as unfashionable and unwieldy.
Now Samsung - the world's top manufacturer of smartphones and mobile phones - seeks to lure more consumers with an array of new features on the Gear 2, including sport tracking software, a heart rate monitor and remote control for devices such as TVs.
Many handset makers are banking on smart devices to boost revenue as sales of smartphones slow in the mature, and most profitable markets.
Meanwhile, global smartwatch sales are expected to grow this year by more than 500% from the 1.9m units sold last year.
Strategy Analytics expects that advanced markets, including the US and
Source: AFP via
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