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SEOUL, South Korea, September 23, 2004-LG.Philips LCD Co., Ltd. (NYSE: LPL), one of the world's leading manufacturers of thin-film-transistor liquid crystal display (TFT-LCD) technology, today announced that its new sixth-generation TFT-LCD fabrication plant, "P6", began mass production last month.. Located in Gumi, South Korea, "P6" will produce TFT-LCDs for large and wide LCD TVs and desktop monitors, with a strong focus on 32- , 37-, and 42-inch wide screens for TV applications as well as large and wide PC monitors, such as 17-inch. Currently in the first phase of ramp-up, "P6" will reach its full-production capacity of 90,000 sheets per month, which represents approximately 250,000 square meters of input glass, by the third quarter of 2005 - -reinforcing LG.Philips LCD's position as one of the world's leading suppliers of large-sized TFT-LCDs. The state-of-the-art "P6" is the first factory in the world to use 1500 x 1850 mm glass substrates, which will increase factory productivity and panel throughput of large and wide TFT-LCD production. According to LG.Philips LCD, the new "P6" plant is equipped with the latest cutting-edge LCD manufacturing equipment. Amongst many of its world firsts, the fab is the first sixth-generation factory to apply new technologies including one-drop fill (ODF) technology without pre-cutting the substrate glass. "We are excited about the ramp-up of our new 'P6' plant," said Ron Wirahadiraksa, chief financial officer of LG.Philips LCD. "The plant, which began depreciation in August, is the first sixth-generation factory to exist outside of Japan. This fab represents a significant step forward in manufacturing and innovation, and follows a tradition of record-setting production ramps that LG.Philips LCD experienced in its world's first fourth- and fifth-generation factories in 2000 and 2002, respectively. With 'P6' online, LG.Philips LCD will be able to realize better efficiency in producing large and wide TV panels and continue to deliver the highest-quality products to our leading consumer electronics customers around the world. "We believe that LG.Philips LCD's past, proven ability in and ongoing commitment to cost reduction is critical in an environment where we see prices continue to decrease faster than anticipated. We are continuing to work closely with our customers to maintain our commitment to manufacturing excellence," concluded Mr. Wirahadiraksa.

About LG.Philips LCD
LG.Philips LCD (NYSE: LPL, KSE: 034220) is a leading manufacturer and supplier of thin film transistor liquid crystal display (TFT-LCD) panels. The Company manufactures TFT-LCD panels in a wide range of sizes and specifications primarily for use in notebook computers, desktop monitors and televisions. Headquartered in Seoul, South Korea, LG.Philips LCD currently operates six fabrication facilities in Korea and has approximately 9,000 employees in locations around the world. For more information about the Company, please visit www.lgphilips-lcd.com.
LG.Philips LCD makes "Technology you can see!"

Forward-Looking Statement Disclaimer
This press release contains forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Additional information as to factors that may cause actual results to differ materially from our forward-looking statements can be found in our filings with the United States Securities and Exchange Commission.


For Further information, please contact:
Jay Hong, Investor Relations
ir@lgphilips-lcd.com
LG.Philips LCD
+ 822-3777-1010

Elliot Sloane, Financial PR
ESloane@sloanepr.com
Sloane & Company
+ 1 212-446-1860

Sue Kim / Fiona Bae, Financial PR
sue.kim@edelman.com / Fiona.bae@edelman.com
Edelman
+ 822-2022-8239 / + 822-2022-8223