LG labels this monitor as a gaming monitor. It has a 27 inch panel with 3840×2160 resolution, HDMI 2.0 ports, HDCP 2.2 and sRGB 99% with 10 bit colour.
Given that this is an IPS monitor we are happy with the price, but prices of 4K monitors will continue to come down in 2015 and beyond.
LG has a listing for this monitor on its website.
We are a bit concerned about the HDMI 2.0 ports given that HDMI 2.0a is on its way.