The much-awaited LG Optimus Mach LU3000 smartphone is set to be released in the South Korea anytime this week for about $700. And the phone comes with an added bonus.

LG Optimus U is scheduled for its launch on Dec. 13 and will be heading to U.S. Cellular for sale. LG Optimus U is targeted at first-time smartphone users who want to experience the power of Google’s Android 2.2 technology.

LG's popular Android phone Optimus One launched in India, alongside the new Optimus Chic.

South Korean consumer electronics giant LG Electronics Tuesday officially unveiled the Optimus One (P500) and Optimus Chic (E720) – two new smartphones running on Android 2.2 (Froyo), Google’s latest cell phone operating system. The phones are targeted at the entry-level smartphone market.

Microsoft has just released photos of the LG E900 smartphone that will run on Windows Phone 7, Microsoft’s new smartphone operating system that is slated for release this October.