You can change the field of view when Lens Correct is set to Off.

Hold MENU, and select Video > Field of View.

Wide

Captures a wide view of your surroundings. Use this option for open areas, close-range video, and to capture as much of your viewing area as possible.

Zoom

Captures a tighter view. Use this option for medium-range video.

Ultra-Zoom

Captures a very focused view. Use this option for long-range video and closed or covered surroundings.