LG Display (LPL)

LG Display Updates Fourth Quarter 2008 Business Outlook

Seoul, Korea (December 10, 2008) - LG Display (NYSE:LPL, KRX:034220), one of the world’s leading TFT-LCD manufacturers, today updated its outlook for the fourth quarter of 2008 .

Due to the global economic recession, demand for LCD panels has sharply declined and the price of LCD panels has dropped more than expected during the fourth quarter. Given the market situation, LG Display expects the fourth quarter earnings results are not likely to meet the initial guidance. Therefore, the company decided to update the outlook based on currently available information and current market conditions as part of its transparent disclosure practices.

[Area Shipments]

LG Display’s area shipments are expected to increase by a low single digit percentage in the fourth quarter compared to the third quarter of 2008, a decline from the initial guidance of a low to mid teens percentage increase quarter-on-quarter.

[Average selling price per square meter]

The ASP per square meter is expected to decline by the low twenties percentage quarter-on-quarter, compared to a high single digit percentage decrease guided initially.

[COGS reduction per square meter]

COGS reduction per square meter in the fourth quarter is expected to be a low teens percentage, compared to the initial guidance of a high single digit percentage.

James Jeong, CFO of LG Display, said, “Due to the demand slowdown resulting from the global economic recession, we have been adjusting the input volume of glass substrates since the third quarter. We expect our factory utilization rate to be about 80% in the fourth quarter. The company has been adjusting the utilization rate with the principle of responding flexibly to market situations. We will continue with such efforts to maintain healthy inventory levels.”

He added, “We expect to surpass our initial COGS reduction guidance in the fourth quarter, however the EBITDA margin is expected to be around the low to mid teens percentage, which is lower than the low twenties percentage initially guided. Despite the challenging market environment, we will further strengthen our customer base and cost competitiveness, thus enhancing our market position. With thorough preparation for the future, we will continue to create value for our shareholders, customers and employees.”

LG Display Updates Third Quarter 2008 Business Outlook

Seoul, Korea (September 10, 2008) - LG Display (NYSE:LPL, KRX:034220), one of the world’s leading TFT-LCD manufacturers, today updated its outlook for the third quarter of 2008.

Due to the sluggish global economic environment, the price of LCD panels has dropped more than expected. Given the market situation, LG Display expects the third quarter earnings results are not likely to meet the initial guidance. Therefore, the company decided to update the outlook based on currently available information and current market conditions as part of its transparent disclosure practices.

[Area Shipments]

LG Display’s area shipments are expected to increase by a mid teens percentage in the third quarter compared to the second quarter of 2008, a decline from the initial guidance of a low twenties percentage increase quarter-on-quarter.

[Average selling price per square meter of glass]

The ASP per square meter is expected to decline by a high teens percentage quarter-on-quarter, compared to a low teens percentage decrease guided initially.

[COGS reduction per square meter]

As the company has initially guided, COGS reduction per square meter for the third quarter is expected to be a mid to high single digit percentage.

James Jeong, CFO of LG Display, said, “With the principle of responding flexibly to market situations, the company has been adjusting the input volume of glass substrates since the end of July, thus maintaining healthy inventory levels.” He added, “We expect to achieve the estimated COGS reduction guidance and through the business outlook update, our third quarter EBITDA margin is expected to be around mid twenties percentage. With our pursuit of profit oriented business operations, we will effectively cope with short-term market situations while continue to boost our competitiveness in the long term to create value for our shareholders, customers and employees.”