LG is developing a smartphone with magnetic wireless charging function.

That's exactly what LG is trying to do, according to Business Korea, as it is reported to be developing a device that supports wireless charging based on magnetic resonance. The report also said that LG is currently trying to find the best time to put it on the market.

LG is also expected to apply resonance-based wireless charging technology to LG Pay smart cards, a portable electronic device that will replace many credit and debit cards. LG plans to compete with Apple, Samsung and even Google through mobile payment platforms.

At present, many mobile phones on the market can use inductive resonance wireless charging, but this technology does not provide many benefits except that the mobile phone does not need to be charged by the power cord.

Magnetic resonance wireless charging allows the device to charge even if it is not close to the charger. LG's smartphone will be able to charge the battery at a maximum distance of 7cm with a charging efficiency of 7W, allowing the device to be fully charged within an hour.

However, it is reported that LG is not the only smartphone maker engaged in this feature. It is said that Huawei and Meizu will release phones that support magnetic resonance wireless charging next year. In addition, it is believed that Apple will introduce this charging feature in the upcoming iPhone 7.