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LG teases latest quad-core superphone in video

So far, the company isn't offering many details beyond the inclusion of a high-end Qualcomm Snapdragon processor.

LG hopes its next flagship smartphone will get the company back into the handset game after its disappointing run of late.

The company released a video today, teasing a smartphone with "the second generation" of quad-core processors, or Qualcomm's Snapdragon S4 chip with an Adreno 320 graphics processor. The clip, which is in Korean, was first spotted by The Verge.

The phone is rumored to be packed with top-line specifications beyond the processor: from a higher end camera to more RAM and a better display. It's also expected to run on the 4G LTE network.

The phone will likely carry an Optimus name when it launches, which could be within the next few months. LG's high-end Android smartphones use the Optimus name, before being renamed or rebranded in international markets.

While rival Samsung Electronics has surged to become the top smartphone and Android vendor, LG continues to struggle to find relevance in the market. The company has vowed to create more LTE smartphones in a bid to win back market share.

Beyond Samsung, LG is competing against several rivals looking to make a comeback in phones, from Sony to HTC. Samsung's new phone will likely be unveiled around the time or after the next iPhone and Windows 8 phones are announced, as well as another Motorola Razr smartphone.