Windows needs to be able to see two DisplayPort connections to the LG UltraFine 5K. Do other Thunderbolt devices work? Do you see the USB controller, USB hub, and USB devices (audio, camera, brightness control) of the display in the Windows Device Manager (view by connection, find the Thunderbolt bridge, find the Thunderbolt USB controller of the display)?
Did you try disconnecting and reconnecting the display?