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As a completed facility, P7 is now producing LCD panels at an increasing capacity. Other facilities in Paju have been operational since the third and fourth quarters of 2005, including a module plant, a dormitory with accommodations for 4,000 people, a sewage disposal plant with a daily treatment capacity of 230,000 tons, and power supply facilities including a 345kV power substation. The company began mass production at P7 on January 1, 2006 and will eventually invest a total of KRW 5.3 trillion in this plant.

The plant is optimized to produce 42- and 47-inch LCD TV panels, using 1950 X 2250mm glass substrates. LG.Philips LCD expects P7’s monthly production capacity to reach 45,000 panels by June 2006 and 90,000 panels by the end of this year. The company believes this will solidify its position as a leading manufacturer in the LCD TV market. With a global market share for large-size LCD panels of more than 20% in 2005, according to the U.S.-based research firm DisplaySearch, LG.Philips LCD is one of the world’s leading LCD panel makers.

Approximately 1,000 guests, including high-ranking government officials such as President of the Republic of Korea, Mr. Moo-hyun Roh; Minister of Commerce, Industry and Energy, Mr. Sye-Kyun Chung; Chairman of the Presidential Committee on Balanced National Development, Mr. Kyong-Ryung Seong and Governor of Gyeonggi Province, Mr. Hak-Kyu Sohn attended the ceremony. Other prominent guests included the Chairman of LG, Mr. Bon Moo Koo, and the Chairman of GS, Mr. Chang-Su Hur, along with LG.Philips LCD executives including Vice Chairman & CEO, Mr. Bon Joon Koo, and President & CFO, Mr. Ron H. Wirahadiraksa. LG.Philips LCD’s domestic and overseas partners and Paju City residents also attended the ceremony.

LG.Philips LCD Vice Chairman & CEO, Bon Joon Koo, said: “With P7, we are well positioned to meet the demand of the fast growing LCD TV market. The P7 plant will enable us to lead the standardization for LCD TV products such as 42- and 47-inch panels, further strengthening our leadership in the TFT LCD market.”

According to DisplaySearch, the LCD TV market is expected to continue its rapid growth, selling approximately 21 million units in 2005, 42 million units in 2006, 61 million units in 2007 and 111 million units in 2010. Also by 2010, LCD TVs will be the predominant TV technology, making up more than half of all TVs (52%) around the world.

About LG.Philips LCD
LG.Philips LCD [NYSE: LPL, KRX: 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 for use in televisions, notebook computers, desktop monitors and applications. Headquartered in Seoul, South Korea, LG.Philips LCD currently operates seven fabrication facilities in Korea and has approximately 21,000 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.

Contact: Bang-Soo Lee, VP, Public Affairs & PR
LG.Philips LCD
Phone: +822-3777-1020
E-mail: bsleeb@lgphilips-lcd.com

Sue Kim, Senior Manager, Corporate PR
LG.Philips LCD
Phone: +822-3777-0970
E-mail: sue.kim@lgphilips-lcd.com
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