LG Electronics, one of the leading South Korean electronics companies, unveiled the world's first watch-shaped video phone.

This innovative model has a touch screen and camera built in which allows users to make video calls via internet connection.

The phone is named as "3G watch phone".

Phone has a lot of options like recognising voices, transforming text to speech, Bluetooth, MP3 player. Its screen is 1.43" size.

Company announced that they plan to launch this product in markets by the end of 2009.

3G watch-phone will be displayed at Consumer Electronics Show in Las Vegas, in January 2009.