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SEOUL, Korea (24 December, 2004) ？ LG.Philips LCD Co., Ltd. (NYSE: LPL, KSE: 034220), one of the world’s leading manufacturers of thin-film transistor liquid crystal display (TFT-LCD) technology, is pleased to announce that it was named by International Financing Review Asia (IFR Asia) the winner of “Equity Deal of the Year” and “South Korea Equity Deal of the Year.” Earlier this year, LG.Philips LCD succeeded in the world’s first, dual concurrent listing on the Korean and New York stock exchanges.

Published in Asia and Australia, IFR Asia is an authoritative and well-respected financial publication. Every year, IFR Asia selects corporations that have achieved outstanding results or made notable contributions in the corporate finance sector in Asia.

In its latest edition, IFR Asia said the award was given to LG.Philips LCD for being the first company in Korea to accomplish a dual concurrent listing on a Korean and US stock exchange. In the process, various Korean regulations were revised or amended to meet international market standards, resulting in considerable development of Korean financial market requirements.

In July 2004, LG.Philips LCD raised approximately one billion US dollars with its initial public offering. At the time, the simultaneous listing drew attention for its scale and for bringing about various legal changes for the first dual concurrent listing by a Korean company. This opened the door for other Korean firms seeking dual concurrent listings on Korean and international exchanges.

Upon hearing the news of the award, LG.Philips LCD CFO and President Ron H. Wirahadiraksa said, “Our successful dual concurrent listing in Korea and the US allowed us to fortify the capital structure of LG.Philips LCD. I also feel proud for having contributed to refining Korea’s financial market regulations to meet international standards.”

The IFR Asia awards ceremony is slated for 1 February, 2005, in Hong Kong.




[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 over 10,000 employees in locations around the world. For more information about the Company, please visit http://www.lgphilips-lcd.com.
LG.Philips LCD makes "Technology you can see!"

[Forward-Looking Statement Disclaimer]
This press release may contain 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.

Investor Relations Contacts:
Jay Hong (Korea)
LG.Philips LCD
Tel: +822-3777-1030
Email: jay.hong@lgphilips-lcd.com

Monica Huang (USA)
Sloane & Company
Tel: +1 212-446-1874
Email: mhuang@sloanepr.com

Media Contacts:
Sue Kim (Korea)
Edelman/Seoul
Tel: + 822-2022-8239
Email: Sue.kim@edelman.com

Elliot Sloane (USA)
Sloane & Company
Tel: +1 212-446-1860
Email: ESloane@sloanepr.com<B