Looks more like a regional version with KVM, ethernet and extra USB ports in place of Thunderbolt 3, integrated power supply instead of a massive power brick and cheaper looking though more space efficient stand. Not a fan of the dental clinic color scheme.
The 38WR85QC-W may sit under LG's UltraWide branding. However, the WQHD+ monitor also has enough capabilities to double as a gaming monitor thanks to its fast response times, high refresh rate panel and integration of popular technologies to minimise image tearing.