LG has been lost in the spotlight recently because it didn't have android devices on the market yet, but this LG LU2300 Android smartphone will have the similar power to the Nexus one. 

Look for the this device to arrive in Korea sometime in April or May with the following specs: (By the way, no words on US release)

* Android 2.1
* 1 GHz Snapdragon processor
* 3.5-inch AMOLED 800x480 touch display
* Sliding 4-row QWERTY keyboard
* 5 megapixel camera
* 720p HD DivX compatible playback
* WiFi, GPS, DMB tuner

source: androidguys