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It looks like the race for smart interactive wrist-watch is officially on. In addition to Apple, Google, Samsung and unknown companies from China, LG Electronics, a major consumer electronics giant, has already begun development of its own smart watch device. Moreover, the South Korean company is also working on wearable construction akin to Google Glass.

The Korea Times recently reported that LG Electronics is already developing a wearapble smart product similar to Google’s Glass, as a part of its long-term strategy to keep its competitiveness in the volatile information technology industry. In addition, the company is working on smart wrist-watch, which will assist its smartphones and eventually tablets.

“It is one major part of many currently non-commercialized products under development by LG Electronics. The company has spared no efforts to invest in products that it believes are must-haves to stay ahead technology wise in the market, whatever the situation maybe. LG Electronics believe that it is not lacking in technology compared to its competitors, especially Samsung Electronics, and have maintained a consistent standard to keep innovation alive,” a source familiar with ongoing proceedings at LG Electronics told the news-paper.

While the wearable construction like Google Glass seems to be something all-new and interesting for LG, it should be noted that the company already offered LG GD910 Touch Watch with Internet capability, which could tell time, make voice and video calls, send email and SMS messages and play music. The product did not end-up popular partly because of a hefty price tag, because of lack of functionality.

Given that LG is currently working on the second generation of its smart watch, it should avoid many mistakes that are natural for the first generation of any device.

Interactive wrist-watches are supposed to be companions for smartphones and media tablets. It is logical to expect smart watch to feature media player controls, information updates, calendar, compass, reminders, NFC payment system and other functions that do not require a lot of screen real-estate. A lot of users will also appreciate custom apps for such devices.

It remains to be seen how far LG has proceeded with its augmented reality glasses and whether it can compete against Google Glass product when it becomes available.

LG Electronics did not comment on the news-story.

Tags: LG, LG Electronics, Android, Google, Samsung, Apple

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