SK Hynix CEO Lee Seok-hee announced that he will actively work to enhance corporate value by strengthening the competitiveness of DRAM and NAND and focusing on ESG management.

SK Hynix CEO Lee Seok-hee announced the company's future vision, the 'Financial Story,' at the regular shareholders' meeting held at the company's headquarters in Icheon, Gyeonggi Province on the 30th.

CEO Lee Seok-hee stated, “We achieved the goal of ‘corporate value of 100 trillion won,’ which I set as my goal when I took office two years ago, earlier than expected at the beginning of this year,” and “Now, we want to aim for an even higher goal.” He then declared, “Based on our financial story, we will expand our two wings, DRAM and NAND, to promote the company’s growth and accelerate the increase in shareholder value.”

CEO Lee Seok-hee announced that he would focus on improving the profitability of the NAND business.

Following its investment in Kioxia (formerly Toshiba) in 2018, SK Hynix signed a contract to acquire Intel's NAND business unit in October of last year.

Regarding the Intel deal, CEO Lee Seok-hee explained, “SK Hynix has strengths in NAND mobile, and Intel has strengths in eSSD, so we can maximize synergy,” and “Once the acquisition is complete, we will be able to leap forward as a global leader in the NAND business following DRAM.”

Regarding future investment directions, the company announced that it would focus its investments on three areas: research and development, strengthening ESG management, and discovering future growth engines.

Regarding research and development, President Lee Seok-hee said, “We are planning to create infrastructure to foster R&D in various regions, including the U.S. and Europe.”

In terms of ESG, the company announced its plan to “faithfully prepare for RE100, which aims to achieve 100% renewable energy utilization by 2050, and the ‘Carbon Net Zero’ declaration.”

Regarding the discovery of future growth engines, CEO Lee said, “We will discover and invest in promising companies in fields such as AI, autonomous driving, and 5G.”

Finally, CEO Lee Seok-hee told shareholders, “We will become a company that meticulously prepares future new growth engines together with ESG,” and asked them to “join us on SK Hynix’s journey to grow into a great company.”

Meanwhile, on&midd for COVID-19 preventionAt the general shareholders' meeting held offline and in parallel, SK Hynix shareholders voted on agenda items such as approval of financial statements, appointment of inside directors, re-appointment of outside directors, and approval of director compensation limits.