SK Hynix is taking steps toward responsible management and enhancing corporate value by recommending Presidents Kwak No-jung and No Jong-won, who were promoted in the recent executive reshuffle, as candidates for internal directors.

SK Hynix announced on the 24th that it held a board meeting on the 23rd and recommended Kwak No-jeong, President of Safety Development & Manufacturing, and No Jong-won, President of Business, as candidates for internal directors.

On this day, the board of directors finalized the agenda items to be submitted to the regular general meeting of shareholders to be held on the 30th of next month, including the appointment of new internal directors.

Presidents Kwak No-jeong and No Jong-won were promoted to president in the executive reshuffle last December. President Kwak is responsible for the integrated management of development and manufacturing sectors, as well as company-wide safety and health affairs. President Noh is responsible for identifying customer and market trends to strategically respond to changes in the business environment and discovering future growth engines.

SK Hynix stated, “We recommended them as new internal director candidates to assign them roles commensurate with the important responsibilities they hold,” adding, “Through their appointment as internal directors, President Kwak will responsibly perform his role in safety operations, which have recently become increasingly important, and President Noh will contribute to enhancing corporate value by increasing the execution of the company’s financial story.”

The SK Hynix board of directors previously consisted of three members: Vice Chairman Park Jeong-ho, President Lee Suk-hee, and Vice President Oh Jong-hoon. However, at this general shareholders' meeting, Vice President Oh's term will expire and Presidents Kwak and Noh will be newly appointed, increasing the number to four.

In addition, there are no changes to the board of outside directors, which consists of six members including former Korea Federation of Banks Chairman Ha Young-gu and POSTECH Endowed Professor Song Ho-geun, and the reappointment of Director Ha Young-gu, whose three-year term is expiring, is scheduled to be put on the agenda for this general meeting of shareholders.