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This excerpt taken from the LPL 20-F filed Apr 11, 2007. Certain material contracts are discussed under Item 7A. above where relevant. In addition, on October 9, 2006, we entered into a definitive agreement with Toshiba Corporation, or Toshiba, for Toshibas minority investment in LG. Philips LCD Poland Sp. z o.o, which has commenced mass production at its TFT-LCD module production plant in Wroclaw, Poland in March 2007. Under the definitive agreement, Toshiba would take a 19.9% equity participation in our subsidiary in Poland and our subsidiary would supply Toshiba with a quantity of TFT-LCD television panels produced at its plant in Poland. This excerpt taken from the LPL 20-F filed Apr 11, 2005.
Certain material contracts are discussed under Item 7A. above where relevant.
In addition, in February 2005, we entered into a strategic joint venture agreement with Nippon Electric Glass Co., Ltd., or NEG, to form a new company that will build a glass polishing and processing facility in the Paju industrial complex where we are building P7. We and NEG intend to make a total capital investment of (Won)36 billion in 2005 in the new joint venture company, named Paju Electric Glass Co., Ltd. We currently own 40% of the new company and we will be responsible for 40% of the total capital investment amount. Paju Electric Glass is expected to begin construction of the glass polishing and processing facility during the second quarter of 2005. The foregoing summary of the joint venture agreement with NEG does not purport to be complete and is qualified in its entirety by reference to the Joint Venture Agreement, a copy of which is filed as an exhibit to this annual report.
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