LG Electronics is developing a smartphone to the direct specifications of chairman Koo Bon-moo that will be made from the parts manufactured by subsidiaries LG Display, LG Chem and LG Innotek.

It will be the first LG smartphone to feature a quad-core processor and a camera with over 10 megapixels resolution.

Koo reportedly complained a year ago that LG Electronics did not make enough use of the parts manufactured by other subsidiaries of the group, even though they are widely sought-after by other firms. He singled out LG Display and LG Chem, which supply essential parts to global companies including Apple.

LG plans to release the new phone in September.