LG announced the G Pro Lite today, a mid-range smartphone targeting emerging markets with so-so specs and a phablet-sized screen. The South Korean company didn't say how much the device will cost, but revealed it would launch first in Latin Amercia this month before rolling out to Russia, India, the Middle East and some parts of Asia.

The LG G Pro Lite comes equipped with 5.5-inch 960 x 540-pixel qHD display, a dual-core processor clocked at 1GHz, a3140mAh battery, 1GB of RAM, 8GB of internal storage with microSD support, an 8-megapixel main camera with BSI and a 1.3-megapixel front-facing shooter. The new handset runs Android 4.1.2 out of the box and offers 3G connectivity.

With its new smartphone, LG hopes to carve out a slice of the phablet market in emerging countries, offering a massive display with built-in stylus for what we expect will be a budget-friendly price. The device comes in black and white models, and offers dual SIM support.