Some smart TVs support USB hubs (some manufacturers even recommend using a powered hub rather than plugging things directly into the TV) but I don't know whether LG ones do.
Your bet bet might be to ask LG support if your specific model supports USB hubs, unless you happen to have (or can borrow) a hub to try with it.
It's possible that even if it supports using a hub, it may not be able to deal with having more than one storage device plugged in at a time. (So a powered hub would just be used to provide extra power to a USB hard drive that the TV couldn't supply enough power to, for example.)