A couple of months after LG launched its first smartwatch, the G Watch, the company has released details of its new G Watch R. The Android Wear device, which the company has been teasing for the past week, will be unveiled at the IFA tradeshow in Berlin next week.

While the G Watch was one of the first Android Wear devices to hit the market, it failed to catch the public's imagination, apparently due to its square design and average display. But this time around, the South Korean company has come up with a better, beautiful, and attractive smartwatch.

According to LG, the G Watch R's key feature is its 1.3-inch Plastic OLED circular display that the company says produces stunning image clarity even under bright sunlight and when viewed from any angle.The device is powered by a 1.2GHz Snapdragon 400 processor from Qualcomm, and comes with 512 MB RAM, 4GB of storage, and interchangeable 22mm straps.

The G Watch R packs a 410mAh battery, which is just 10mAh better than its predecessor, and has a heart-rate monitor as well as a power button on the side. The device is also waterproof (rated IP67 for water resistance) and is designed to run for up to 30 minutes in one meter of water.

LG's newest smartwatch will be available in key markets early in the fourth quarter of 2014, although there is no word yet on pricing.