SK Hynix held a regular shareholders' meeting and expressed its commitment to enhancing shareholder value by increasing the annual fixed dividend by 20% and implementing quarterly dividends.

SK Hynix held its regular shareholders' meeting at its headquarters in Icheon, Gyeonggi Province, on the 30th. Vice Chairman Park Jung-ho presided over the meeting for the first time since taking office as CEO in March of last year.

Vice Chairman Park said, “SK Hynix, which is celebrating its 10th anniversary, has grown in a way that no one could have imagined,” and “These changes and achievements are thanks to the efforts of all members, as well as the support and encouragement of shareholders who have shared special times with SK Hynix.”

He continued, “We will not rest on our laurels, but will proactively respond to the rapidly changing environment and leap forward as a global, first-class technology company leading the global semiconductor market.”

In December of last year, SK Hynix completed the first phase of its acquisition of Intel's NAND business division to grow its NAND business and launched a subsidiary called 'Solidigm'. Vice Chairman Park said, “We will gradually integrate the SSD businesses of Solidium and SK Hynix to maximize synergy,” adding, “Through this, we will strengthen our global operating system and further grow our NAND business.”

Regarding future growth infrastructure, Vice Chairman Park stated, "The Yongin Cluster will serve as a core base for the semiconductor ecosystem, responding to long-term demand while coexisting with small and medium-sized business partners." He added, "We will establish an R&D center in Silicon Valley and use it as a key base for collaboration with big tech companies, thereby strengthening our technological competitiveness."

Vice Chairman Park also expressed his commitment to enhancing shareholder value by stabilizing the profit structure. He noted that the semiconductor industry has been undervalued by the market due to its cycles of boom and bust. He stated, "We will strengthen partnerships with global companies and, leveraging our world-class technology, enhance investment efficiency and productivity to build a stable profit structure." To this end, he added, they will proactively identify customer needs and strive to provide long-term, optimized solutions tailored to each customer.

In addition, Vice Chairman Park stated regarding ESG management activities, “We have established a dedicated organization and an ESG management committee, as company-wide efforts must be made from a long-term perspective,” and “In order to achieve RE100 by 2050, we have set an interim goal of procuring 33% of our electricity consumption from renewable energy by 2030.”

Regarding shareholder returns, Vice Chairman Park stated, “We will increase the annual fixed dividend by 20% and implement quarterly dividends starting this year.”

He also added, “We will utilize 50% of the accumulated free cash flow generated over the three years starting in 2022 as additional resources.”

At the general shareholders' meeting held online and offline simultaneously to prevent the spread of COVID-19, SK Hynix shareholders approved agenda items including the appointment of Kwak No-jeong and Noh Jong-won as new inside directors and the reappointment of Ha Young-goo as outside director.