LG seems unlikely to wait for the German trade fair IFA that will be commencing in September, to present the next flagship smartphone, the G3.

According to some latest rumors, the South Korean company has been working hard to compete with Samsung’s Galaxy S5, on equal terms.

ZDNet Korea reports LG will have 2 or 3 months in advance before the G3 to go in direct competition with the Galaxy S5, which would be showcased in a special press event on February 24 at MWC 2014 in Barcelona, and likely to be marketed in the month of April. If we believe the rumors, LG G3 should hit the shelves by the end of May or early June.

The news media consider the G3 as one of the few real rivals of the Galaxy S5, and also call “Samsung Galaxy S5 Killer.” In fact, LG is prepping the G3 with a bigger screen – 5.5-inch QHD (aka 2K). The phone could be equipped with in-house built octa-core processor codenamed “Odin” while the Galaxy will be featuring a 64-bit processor to go toe-to-toe with the rival.

SEE ALSO: Samsung Galaxy S5 Specs: WQHD display, fingerprint reader and 16MP camera

Among other counterparts, the G3 will also boast a 16-megapixel camera with OIS (Optical Image Stabilizations) and a fingerprint sensor for secured screen locking. Besides, other details are yet to be disclosed.

In 2013, the duo battled for the flexible screen smartphones: Galaxy Round and G Flex. However, the Galaxy Round was released ahead of G Flex, but the critics applauded LG for its innovative and truly flexible phone with self-healing back cover.

As of now, we don’t have any concrete details about the plans of both companies, but in coming months we will definitely be seeing some advanced products with some new and improved features.