If there’s one thing the world needs right now, there’s no doubt in our minds it’s another on-device application store. Lucky for us, LG seems to agree. The electronics giant has launched its mobile app store in Asia and is setting its sights on going global (Europe and South America, no US yet) by the end of 2009. The creatively named “LG Application Store” will see 1,400 applications right out the gate — quite impressive for an app store at launch — with about 100 of those applications available for free. We can’t say we’re overly impressed with the ratio of free to paid apps, but anything is better than the selection of 30 that Pre users are currently forced to pick from. If and when LG’s offering makes it to the US however, we would expect the number of free (and total) apps to have grown substantially — pending some level of success of course.