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LPL » Topics » Acquisition of Business from LG Electronics

This excerpt taken from the LPL 20-F filed Apr 16, 2008.

Acquisition of Business from LG Electronics

On December 28, 2007, we entered into an agreement with LG Electronics to acquire LG Electronics’ AMOLED business by a way of taking over its inventory, intellectual property rights and employees related to the AMOLED business. We paid a purchase price of (Won)4.6 billion for the AMOLED business, which was paid in cash in two installments.

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