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The third largest Korean mobile service provider LG Telecom has announced the release of a new phone CanU 502S made by Casio. According to LG, the CanU 502S is that country's first waterproof mobile handset. The clamshell phone has a compass with a built-in direction sensor; a stopwatch; an MP3 player; and a 1.3-megapixel camera. Looking a part of your scuba gear, the phone is all sealed up in rubber, including all the jacks. All of the external ports like the audio and batteries port can also be sealed up. For the less adventurous, you can at least feel better about chatting on your shiny green or orange phone while struggling your way through heavy rainfall. The only bad news is that it's still CDMA-only, I wish they would come up with a GSm version soon.

Priced at 550,000 won (around $545).

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