LG Electronics Inc., South Korea's No. 2 smartphone maker, said Wednesday it will roll out its latest budget smartphone that comes with a larger display than its flagship models, as part of a bid to target global consumers who favor a big screen in the mid- to low-end market.

The G Stylo will hit local shelves on Friday, and be gradually released in the Latin American region and others starting in May, the company said in a statement.

LG did not disclose its exact price, only to hint that it will be sold for about 500,000 won ($461) in Korea. It will be available only through one mobile carrier, KT Corp., LG added.

The handset, which comes with a 5.7-inch display, is slightly larger than the company's flagship phones such as the G3 and G Flex 2, which boast a 5.5-inch screen.

Juno Cho, LG's mobile chief, said the G Stylo is "made for those who prefer a large-screen smartphone and we've tried to offer the best price for such high-specs."

The G Stylo is equipped with a pen accessory, named the Rubberdium, which has its nib made of rubber that enables users to jot things down or sketch on the screen.

It comes with a 5-megapixel camera on the front and an 8-megapixel one on the back. It has a Qualcomm Snapdragon 410 chip and runs on Android 5.0 Lollipop, with a detachable 3,000mAh battery. The phone comes in two colors: titanium and white. (Yonhap)