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You'll need to find a player intended for either European or Hong Kong market to play both PAL and NTSC discs. The most recent one would probably be the E or HK versions of the Pioneer DVL-919 (the US or Japanese version will not play PAL). This is a LD/DVD combo player from 1999. There were a couple of LD only players that came out a little later, but I don't think any of them were PAL compatible.
There are many video scalers that will convert composite video to HDMI, but they may not be better than the processing already built into your TV.
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