SK Hynix, Outside Director Recommendation Committee Composed Entirely of Outside Directors

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[Asia Economy Reporter Jeong Hyunjin] SK Hynix has filled its Outside Director Recommendation Committee entirely with outside directors. This is interpreted as a move to enhance fairness and transparency.

According to SK Hynix's business report on the 23rd, Lee Seok-hee, CEO (President) of SK Hynix, resigned from the Outside Director Candidate Recommendation Committee on January 28. His successor is Song Ho-geun, an outside director and distinguished professor in the Department of Humanities and Social Sciences at POSTECH. Accordingly, the board's Outside Director Candidate Recommendation Committee is now composed entirely of outside directors.

Until now, SK Hynix had generally composed the Outside Director Candidate Recommendation Committee with two outside directors and the CEO, who is an inside director. However, with the resignation of President Lee, the committee has been restructured to consist solely of outside directors, thereby strengthening the authority of the outside directors.

SK Hynix also appointed Ha Young-gu, an outside director and advisor at Kim & Chang law firm, as the chairman of the Investment Strategy Committee, the body that reviews and makes final decisions on SK Hynix's investment plans worth trillions of won.

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