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LG to launch new smartwatch this year: CEO

Published on Feb 24, 2014 7:56 AM
The LG company logo is seen following an event during the annual Consumer Electronics Show (CES ) in Las Vegas, Nevada on Jan 6, 2014. -- FILE PHOTO: REUTERS

SEOUL (AFP) - LG will launch its first smartwatch in 2014, the head of its mobile unit said on Monday, tapping into the nascent market for wearable devices seen as the mobile industry's new source of growth.

The announcement from the South Korean smartphone maker came after industry leader Samsung on Sunday launched the second generation of its own Internet-enabled smartwatch, the Gear 2.

"We are working on the development of wearable device... more specifically in the form of a watch," Park Jong Seok, the CEO of LG Electronics' mobile unit, told reporters.

"(It) will come out this year," he said, adding the watch would be remotely linked to smartphones.

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