Just days after announcing the HP Specter foldable PC, LG has revealed plans to launch its own foldable laptop. It’s called the LG Gram Fold, and like the HP product, it’ll be available for a pretty hefty price tag.

LG press release (translated) states that the Windows 11-based device is a 17-inch QXGA+ 1,920 × 2,560 OLED touchscreen tablet with a 4:3 aspect ratio touchscreen. However, it can be folded into a 12-inch laptop, and the hinge can handle up to 30,000 folds.

The LG Gram Fold listing on the company’s Korean website Offers more information about the hardware. It will include the 13th generation Intel Core i5-1335U processor inside, 16GB of RAM, 512GB of storage, a 72Wh battery and three speakers with Dolby Atmos support.

LG’s foldable display laptop comes with a detachable keyboard, mouse and stylus. The thickest part of the device is 9.4 mm when unfolded, and it weighs 1,250 grams without the keyboard.

The LG Gram Fold is currently only sold in limited quantities at the company’s home base in South Korea at LG Electronics Best Shops for 4.99 million won ($3,728.75).

However, the press release claims that the first 200 people to buy the LG Gram Fold will be able to get it for 3.99 million won ($2,233.29). This includes some extras, like one year of Microsoft 365.

Like the HP Specter Foldable, the LG Gram Fold is a first-generation device, and as such, has a lot of limitations, not to mention a steep price tag. It will likely take a while for a foldable display laptop to approach the prices of standard Windows laptops.