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？ Sales in the second quarter of 2008 increased by 4% to KRW 4,211 billion from sales of KRW 4,036 billion in the first quarter of 2008, and increased by 26% compared to KRW 3,355 billion in the second quarter of 2007.

？ Operating profit in the second quarter of 2008 was KRW 889 billion compared to an operating profit of KRW 881 billion in the first quarter of 2008, and an operating profit of KRW 150 billion in the second quarter of 2007.

？ EBITDA in the second quarter of 2008 was KRW 1,587 billion, an increase of 1% from KRW 1,566 billion in the first quarter of 2008, and a year-on-year increase of 90% from KRW 835 billion in the second quarter of 2007.

？ Net income in the second quarter of 2008 was a profit of KRW 759 billion compared to a profit of KRW 717 billion in the first quarter of 2008 and a profit of KRW 228 billion in the second quarter of 2007.

“Our record-setting operating profit in this year’s second quarter came from our constant efforts toward overall reform of our business structure,” said Young Soo Kwon, CEO of LG Display. “We will develop sustainable competitive advantages and continue to foster close relationships with our customers, offering them superior technology and reliable quality.”

On July 9, LG Display’s Board of Directors approved investment in an additional Gen 6 facility in Gumi, Korea. The company hopes to maintain market leadership in the ever-increasing 16:9 notebook PC and monitor LCD market by investing KRW 1,361 billion in this new facility, which is expected to start mass production in the second quarter of 2009.

Overall, the company shipped a total of 3.3 million square meters of net display area in the second quarter of 2008, an increase of 3% quarter-on-quarter. TFT-LCD panels for TVs, monitors, notebook PCs and mobile&other applications accounted for 43%, 26%, 26% and 5%, respectively, on a revenue basis in the second quarter of 2008.

The average selling price per square meter of net display area shipped was USD 1,274, which was a decrease of approximately 5% compared to the average of the first quarter of 2008.

For the second quarter of 2008, the cost of goods sold per square meter of net display area shipped in USD basis decreased by 5% from the first quarter of 2008. The main factors contributing to this cost reduction were the productivity improvement through Min-Loss activities and a favorable foreign exchange rate.

Cash and cash equivalents including short term financial instruments of LG Display were KRW 3,835 billion as of June 30, 2008. Total debt was KRW 4,276 billion. Net debt was KRW 441 billion and the net debt-to-equity ratio was 5% as of June 30, 2008, compared to 12% as of March 31, 2008.

LG Display increased its 2008 annual CAPEX from approximately KRW 3 trillion to approximately KRW 4.5 trillion including investment in an additional Gen 6.


Outlook

The following expectations are based on information as of July 9, 2008. The Company does not expect to update its expectations until next quarter’s earnings announcement. However, the Company reserves the right to update its full business outlook, or any portion thereof, at any time and for any reason.

LG Display expects total net display area shipment to increase by a low twenties percentage in the third quarter. COGS reduction per square meter is expected to be a mid to high single digit percentage in the third quarter.

Earnings Conference and Conference Call

LG Display will hold a Korean language earnings conference on July 9, 2008, at 4:30 p.m. Korea Standard Time at the LG Twin Tower Auditorium (East Tower, B1) in 20 Yoido-dong, Yeongdeungpo-gu, Seoul, Korea. An English language conference call will follow at 9:00 p.m. Korea Standard Time, 8:00 a.m. EDT and 1:00 p.m. GMT. The call-in number is +82 (0)31-810-3001 both for callers in Korea and callers outside of Korea. The confirmation number is 3777. Corresponding slides will be available at the Investor Relations section of the LG Display web site: www.lgdisplay.com.

Investors can listen to the conference call via the Internet at www.lgdisplay.com. To listen to the live call, please go to the Investor Relations section of the web site at least 15 minutes prior to the call to register and install any necessary audio software.

For those who are unable to participate in the call, a replay will be available for 30 days after the call. The call-in number is 031-810-3100 for callers in Korea and +82-31-810-3100 for callers outside of Korea. The confirmation number for the replay is 145091#.


About LG Display

LG Display Co., Ltd [NYSE: LPL, KRX: 034220] is a leading manufacturer and supplier of thin-film transistor liquid crystal display (TFT-LCD) panels, OLEDs and flexible displays. The company provides TFT-LCD panels in a wide range of sizes and specifications for use in TVs, monitors, notebook PCs, and various applications. LG Display currently operates seven fabrication facilities and five back-end assembly facilities in Korea, China and Poland. The company has a total of 22,000 employees operating in ten countries around the world.
Please visit www.lgdisplay.com for more information.



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.


Investor Relations Contact:
C.H.Lee
LG Display
Tel: +822-3777-1581
Email: ch.lee@lgdisplay.com

Media Contacts:
Bang-Soo Lee, VP, Public Affairs & PR
LG.Display
Tel: +822-3777-1020
Email: bsleeb@lgdisplay.com<