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With no stand by light, you are not getting power.Unplug TV and check fuse on power supply. You will need a meter to look for shorted components and possibly leaky/bulged capacitors that are killing your power supply. flickering could be part of the bad power supply or possibly a problem with YSustain area of your TV
Standby light goin On/Off, means the power supply regulator board is OK. Blinking of the standby light indicates a fault. It might be to the backlight inverter board, or the main board. These blinks of standby light are called blinking codes, from the number of blinks occur at one time switch ON, you can get an idea about the faulty board inside the TV. Count this blinks. If you wish to get more details about these blinking codes, check the site linked here.http://electronicshelponline.blogspot.com/
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How many times do the power LED blinks at once after switch on. Count it carefully. These blinks are fault indications, which can help you an idea about the faulty internal section circuit. If you wish to get more details about these blinking codes, check this link.
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I unpluged mine and the light was still blinking when it was unpluged. I thought that was weird. So I pluged it back in and just heald the power button in untill the light went out. It went out within ten seconds. I pushed the power button again and the tv went on. WOOHOO!!! Just needed reset, I guess.
Just answered this on a different one. I have the Daewoo Plasma Digital Dream model dp-42sm, My dads tv expert friend looked at it and told us the ysus board was out. I got on ebay and bought the item from a store for 125 dollars used tested good with 12 dollar shipping, I put the part in myself it was very simple just take your time dont try and rush you have to take the actual bar the stand hooks onto off and the 2 boards going into the ysus board. It fixed the problem and is still in working order im using it now as the computer monitor.