Most likely, every person you know has an Application Store. As promised, LG has launched its Application Store, which currently includes more than 1400 apps, both paid and free. It will be focused on Asia at first and LG named the application store as “LG Application Store”. Pretty much an original name huh?

The Application Store is available only in Australia and Singapore for the moment, but other Asian countries will be added soon – 15 different languages will be supported.

By the end of 2009, LG plans to launch the Application Store in Europe and Latin America, and to include more than 2000 apps.

The Store currently provides apps for Windows Mobile only – LG GM730 and LG KS20 -  and it is not clear yet when other handsets will be added. Hopefully, the upcoming LG Chocolate BL40 will also be supported.

LG published a press release, however, it is in Korean. Just in case you are not aware, the “LG Application Store” is the 176th Application Store in the world, and believe me when I say, it will not be the last.

LG Application Store

The teased new LG Chocolate Phone LG BL40 made a brief appearance on video. A promo video demonstrating the upcoming LG BL40 appeared on Youtube, but has been now been removed. LG teased the new Chocolate a week ago revealing nothing, besides that it will come in August. Some specs surfaced since. The LG BL40 is supposed to have a 21:9 4 inch screen with 800x345px resolution, HSDPA, WiFi and so called Active Flash UI. The LG Chocolate series is madly successful around the world. The new Chocolate is highly anticipated as the access stats show. According to the Viral Video Chart the LG BL40 video was the 4th top watched video within the last 24 hours.

We can’t verify the authenticity of the video, but it seems a little far-fetched to believe that even LG diehards out there would’ve been able to toil away making a very legit-looking promo piece for the company’s recently-teased new Chocolate in such a short period of time — so we’re tentatively going to say we think we’re looking at the real thing here. That said, what we’ve got is nothing short of drool-worthy: the rumored 21:9 display appears real (which is said in the video to be 4 inches diagonal), plus there’s a gorgeous Flash-based 3D UI, multitouch, AGPS, WiFi, 7.2Mbps HSDPA, and a glass screen surface that’s said to be scratch-proof, all packed into an impossibly thin case.

Watch the video at EngadgetMobile.com.