The phone will also feature a dual-lens camera for 3D recording, a glasses-free LCD panel for 3D viewing and connectivity options such as HDMI and DLNA for 3D content sharing .
Further details and a live demo of the LG Optimus 3D will be offered at MWC in Barcelona from February 14 to 17.
In related news, LG plans to launch a swipe payment system for product and service retailers in Europe next year, which would allow consumers to make payments at the check-out using their smartphones.
The technology will be targeted at small and medium-sized businesses and will involve NFC or near field communications and cloud computing, according to LG. It is expected to be lauched in in Europe in 2012.
Near-field communication chips are being integrated in new generations of smartphones and tablet computers. Such features are also supported by Google's Android upcoming OS.