[New Year's Message] Park Jung-ho, Vice Chairman of SK Hynix, "We Will Lead the Global ICT Ecosystem"

Park Jung-ho, Vice Chairman of SK Hynix

[Asia Economy Reporter Changhwan Lee] On the morning of the 4th, Park Jung-ho, Vice Chairman of SK Hynix, emphasized leading the ICT ecosystem with global tech leadership during the New Year's meeting held non-face-to-face at the Icheon Campus in Gyeonggi Province.

Vice Chairman Park said, "Since we have had a special relationship even before the launch of SK Hynix, I have already considered us one family," and added, "As this is my first greeting as Vice Chairman, I would like to share my role and thoughts for a greater leap beyond the proud achievements the company has built."

He stated, "At the time of the acquisition announcement in November 2011, SK Hynix's corporate value was less than 13 trillion won, but now it has surpassed 80 trillion and is heading toward 100 trillion won," and expressed gratitude and praise by saying, "The protagonists who turned the market's concerns into expectations and envy are none other than all the members."

He continued, "Although digital transformation has accelerated due to COVID-19, it is also true that we face many difficulties such as technical challenges and the burden of large-scale investments," and said, "We have emphasized 'super cooperation' as a core driving force to reshape the global ICT ecosystem and lead it, and at SK Hynix, we will call this 'Global Tech Leadership.'"

He also defined, "Global Tech Leadership means finding solutions to overcome technical and business limitations through collaboration with global ICT leaders," and emphasized, "We must utilize external resources and ideas, seeking innovative collaborations that go beyond solidifying partnerships with existing partners to even joining hands with competitors."

He revealed the vision after acquiring Intel's NAND business. Vice Chairman Park said, "Last year's acquisition of Intel's NAND business was not simply for market share expansion but a strategic move to create closer collaboration with global ICT players," and added, "I will play a role in establishing new and innovative collaborative relationships and partnerships to strengthen SK Hynix's global tech leadership."

He urged, "To grow as a global tech leader, a 'cultural evolution' to overcome limits and a bold 'vision' to become number one are necessary," and said, "In this era of innovation, we must contemplate who we are and become path finders who create our own paths." Finally, Vice Chairman Park said, "Let's dream of becoming number one in our business area and the ICT world, and I will walk that path together with you."

Lee Seok-hee SK Hynix CEO

CEO Lee Seok-hee also delivered a message in his New Year's address titled "2021 of fruition, completing the evolution of SK Hynix." CEO Lee said, "2021 will be a year when the Financial Story announced last October is fully executed and SK Hynix's evolution is completed," adding, "We will pursue continuous business growth by expanding both DRAM and NAND wings, while strengthening ESG to contribute to humanity and society."

He emphasized, "Once the acquisition of Intel's NAND business is completed by the end of this year, we must further enhance our capabilities over the remaining year to create synergy between the two companies and secure a new position in the NAND market."

He added, "Regarding DRAM, we are confident that we can lead the market not as a 'Fast Follower' but as a 'First Mover,' and we will further solidify our industry-leading technological leadership."

He also urged, "We will thoroughly prepare so that the M16 fab, the next-generation growth engine that began operation at the end of last year, can enter full-scale mass production this year."

He expressed a firm commitment to ESG management activities. "More diverse activities related to ESG are planned for this year," he said, citing as an example, "We declared RE100 (100% renewable energy use by 2050) for the first time in Korea and established an ESG-dedicated organization directly under the CEO."

Regarding this, he outlined a blueprint: "Although it requires long-term efforts, by strengthening ESG, we will create more economic and social value, contribute to humanity and society, and enter a virtuous cycle to develop into a more mature company."

He continued, "Achieving a market capitalization of 100 trillion won and the Intel acquisition seemed impossible, but all these things are becoming reality through our passion and determination," and urged, "Since reaching 100 trillion won is within sight, let's diligently prepare for the completion of the acquisition so that it firmly establishes itself as a pillar of our business."

This content was produced with the assistance of AI translation services.