The new trend in the mobile industry could very well be wearable computing devices such as smartwatches. Every major tech company is jumping on the bandwagon, including LG, if rumors are to be taken seriously.

According to the Korea Times, LG is developing two types of wearable computing device. One is a smartwatch, probably aimed at competing directly with similar offerings from both Apple and Google, and another device that shares plenty in common with Google Glass. If done correctly, whatever LG is working on in the labs could turn out to be killer products, but they would have to be something special to keep Google and Apple at bay.

It is not certain whether or not LG wearable computing devices will run Android, but that is looking as the most likely scenario. LG as of late has focused much on Google's operating system, so unless the company is working on its own OS, or has chosen to divulge in another third party platform, Android is where the fun should be at.

Rumors of an Apple smartwatch device (iWatch?) with iOS as the central operating system, has been circling the Internet for some time. Apple is not the only player, however. Google has found itself among the smartwatch rumors along with Samsung.

Wearable computing could be the next step in mobile evolution. We've already seen what the Pebble Smart Watch, which is readily available, is capable of. And, we've also seen what Google is planning with Project Glass. So no doubt we could be witnessing the rise of something big.

The question is though, which company will usher in the popularity of wearable computing? All bets are on Apple, as the company is well known for taking already available technology, adding its own bit of magic to it and making it a hit. However, Google, Samsung, and LG could have something to say about that first.