In this paper, a new high resolution XGA-SLM is implemented through modification of a commercial TFT-LCD beam projector and its optical modulation characteristics as a spatial light modulator(SLM) is also analyzed. First, the optics module, projection lamp and fans are removed from a commercial beam projector and instead some electric circuits to compensate their removal are manufactured and then, by inserting them into the beam projector, a new XGA-SLM is finally implemented. Second, from some optical experimental results, this TFT-SLM is found to have a good optical linearity in amplitude and phase modulation characteristics as a function of the input gray levels. Especially, through implementation of a binary phase-type correlator such as BPEJTC by using the suggested TFT-LCD panel, the implemented SLM is proposed as a new relatively low-cost and high resolution SLM for optical information processing.