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According to LG.Philips LCD, the establishment of Paju Electric Glass is a clear demonstration of the Company’s commitment to create a strong, localized supply base and increase production efficiency and competitiveness. With the support of various suppliers and customers, the Paju Display cluster is on track to address the rapidly emerging LCD TV segment, as well as the growing large and wide monitor segment.

LG.Philips LCD and NEG formally announced their agreement to set up the joint venture during a signing ceremony on 23 February at LG.Philips LCD’s Paju plant construction site, which was attended by LG.Philips LCD Vice Chairman and CEO Bon Joon Koo and President and CFO Ron Wirahadiraksa, and NEG Vice Chairman Tetsuji Mori and President Yuzo Izutsu.

The newly established Paju Electric Glass should begin construction of a back-end glass processing plant in 2Q ‘05. The joint venture will source glass substrates from NEG’s plant in Japan and the resulting output will be used for mother glass substrate demand at LG.Philips LCD’s Paju TFT LCD manufacturing facilities, including LPL’s Gen 7 TFT LCD factory, P7.

With the launch of P7, LG.Philips LCD seventh generation TFT-LCD fabrication facility, the Paju Display Cluster is expected to grow into the world’s premier display cluster.
The establishment of a cutting-edge industry complex and attraction of foreign investment serves as a successful example of the collective efforts and resulting benefits from various Korean local and central government bodies as well as many private companies’ investments.


Reference:
1. NEG (Nippon Electric Glass)
Established in 1949, NEG is currently a top tier TFT-LCD glass manufacturing company. NEG supplies glass substrates that companies use at their fifth and sixth generation TFT-LCD fabrication plants worldwide.

2. TFT-LCD Back-End Process
The glass substrates that are manufactured during the front-end process are cut and rinsed during the back-end process, and are then ready to be used as mother glass substrates at LCD production lines.

[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 13,000 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 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.

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


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