LG has officially unveiled on Tuesday its latest flagship smartphone, the G4, during a launch event held in various countries around the globe.

Along with showing off the design of the smartphone, executives from the tech giant also detailed the actual specifications of the G4, NDTV reported.

As revealed in previous leaks, the LG G4 will come in bare plastic and leather rear casing versions. According to the president and CEO of LG Electronics Mobile Communications Company Juno Cho, the overall design of the G4 shows a balance between aesthetic appeal and functionality.

"We are living up to our promise of innovation for a better life with a fashionable smartphone that is more focused on delivering a balanced user experience that can compete with the best of the best," the executive said in a press release according to BGR.

As for its full features, the LG G4 has a 5.5-inch Quad HD LCD display with a resolution of 2560x1440 pixels. Out of the box, it runs on the Android 5.1 Lollipop OS with the LG UX 4.0.

The smartphone is powered by the Qualcomm Snapdragon 808 processor and has 3GB of RAM. It has an in-built storage of 32GB which can be expanded up to 128GB through a microSD card.

It is equipped with a 16-megapixel rear camera and an 8-megapixel front camera. The main camera has an f/1.8 aperture and equipped with color spectrum and optical image stabilization features.

The LG G4 packs a replaceable 3000mAh battery that can provide 14 hours of talk time and can last up to 440 hours on standby.

Cho boasted through a statement the LG G4 is the most ambitious smartphone that the company has created due to its features.

"We wanted to give consumers a truly human-centric device that combined the analog sensibilities with technologies that delivered real world performance," the executive said in the release. "From the design of the camera to the display to the UX, this is the most ambitious phone we've ever created."

The LG G4 will officially hit the market on April 29 but will be first released in South Korea. There are no confirmations yet as to when the smartphone will debut in other countries.