LG Electronics has announced a new child-friendly mobile phone that’ll be available in South Korea from tomorrow, with a launch in North America and Europe planned for later this year.

The LG KizON is worn on a wrist band, allowing parents of pre-school and primary school children to track and call their offspring.

South Korean mobile phone network SK Telecom has announced the launch of 225Mbps LTE-Advanced, the first time this combination of speed and technology has been made available commercially.

It’s three times faster than conventional 4G LTE and fifteen times faster than 3G, which means consumers could download a 1GB movie just in 37 seconds.

We open this week's podcast with news about the European Commission and South Korea working together on 5G mobile technology.

There's a quick look at Samsung's new tablet, some acquisition deals to talk about, a tax investigation, research into wearable devices and plenty of other mobile industry news as well.

The European Commission and the South Korean government have signed an agreement that’ll see them working together to create a global definition of exactly what 5G mobile technology is, what it’ll do and when it’ll be available.

Neelie Kroes, Vice-President of the European Commission for the Digital Agenda, and Mun-Kee Choi, who’s the Minister of Science, ICT and Future Planning (MSIP) for South Korea, also agreed to co-operate on 5G research.

Nokia has sold most of its Devices & Services business to Microsoft, as originally announced in September last year. The deal also includes an agreement to license patents to Microsoft.

Although the deal was originally worth €5.44 billion (£4.48 billion), Nokia says it now expects the total transaction price to be slightly higher than this.