LG has confirmed the price of its latest smartwatch, which is released next week, Digital Spy said.

The LG G Watch R hits shelves in its home country South Korea on Tuesday, October 14, costing 352,000 won ($327.43).

The price tag will not only make it the most expensive smartwatch from LG, but also the most expensive with Android Wear.

A 1.3-inch circular face is featured, with a 320 x 320 resolution P-OLED display and 245ppi.

The device is backed up by a Snapdragon 400 processor, 512MB of RAM and 4GB of storage.

Other features include Bluetooth 4.0 connectivity, waterproofing, biometric sensors and a built-in microphone for voice controls.