LG showed off a number of new handsets at Mobile World Congress last week, but it seems the company hasn’t quite finished yet. It has today unveiled the Optimus LTE III, a new Android-powered smartphone that will succeed the Optimus LTE II (obviously), with a 4.7-inch 720p display, an 8-megapixel camera, and Android 4.1.2 Jelly Bean.

The Optimus LTE III is around the same size as its predecessor, measuring 131.7 x 68.2 x 9.6 mm, and its 4.7-inch display — which offers a 1280×720 — is also rather similar. But there are some improvements on the inside.

The new model comes with Android 4.1.2 Jelly Bean pre-installed, and also offers NFC, Bluetooth 4.0, A-GPS, and a 1.5GHz dual-core Snapdragon processor with an Adreno 225 GPU. There’s also 2GB of RAM, a microSD card slot, and a 2,540 mAh battery.

As for its cameras, the Optimus LTE III boasts an 8-megapixel shooter on the back that has autofocus and an LED flash, plus a 1.3-megapixel shooter on the front. As you can see from the photo above, the handset will be available in black and white.

The Optimus LTE III looks almost identical to the Optimus F7 that was announced by LG last month, and it has a very similar set of specifications. In fact, it almost looks like the Optimus LTE III will be the F7’s substitute in Korea, so it may not be launched in markets where the F7 is available.

• ViaUnwiredView