According to a report from Korea Times, an LG executive said that while previous LG flagship smartphones usually came months after the release of Samsung flaship device, this time LG is ready to take on Samsung.

Earlier rumors suggested that the LG G5 smartphone will feature a 5.6-inch QHD display protected by Gorilla Glass 4, Qualcomm's latest Snapdragon 820 SoC paired up with 4GB of RAM, 64GB of internal storage and a 20-megapixel camera with laser autofocus and OIS.

One of the key features, which was also rumored earlier was a modular design, which will allow users to remove the bottom of the phone and slide out a battery.

Mobile World Congress (MWC) 2016 kicks off in Barcelona on 22nd of February so we guess we'll know for sure soon.