Park Jung-ho, SK Hynix Vice Chairman, "We Must Open a New Decade with a 'Global and No.1 Mindset'"

Through the New Year's Address, "Let's Become 'Pathfinders' Who Pioneer Uncharted Paths"

Jung-ho Park, Vice Chairman and CEO of SK Hynix

[Asia Economy Reporter Lee Hyeyoung] "In 2022, opening a new decade, let's create a 'global top-tier technology company' together."

Park Jung-ho, Vice Chairman and CEO of SK Hynix, proposed to employees in his New Year's address on the 3rd that they should simultaneously possess a 'global mindset' and a 'No.1 mindset' to build a top-tier company.

Vice Chairman Park highly evaluated SK Hynix, which marked its 10th anniversary since its launch, for generating over 10 trillion KRW in annual operating profit and evolving into a global memory solutions company through the acquisition of Solidigm. However, he also assessed that the business environment for the 'next 10 years' could unfold differently from the past.

Park said, "The market environment is changing," adding, "The competition rules we have known so far will no longer apply, so we must continuously change our business models and technology development directions to maintain competitive advantages."

He emphasized, "The start of preparing for the new decade is a 'global mindset,'" and stated, "Our memory technology will no longer be a unidirectionally supplied component but will be reborn as a strategic asset that discusses and realizes future technologies together with customers."

He also urged, "Now is the time to break the identity of being a 'Fast Follower' and adopt a 'Pathfinder,' that is, a No.1 mindset, pioneering paths no one has taken before."

Vice Chairman Park particularly said, "The first change I want to emphasize more than anything this year is to create a company where excellent technical talents have no retirement age," pledging to strengthen the cultivation and management of technical talents who will be the foundation for the semiconductor ecosystem's development. SK Hynix introduced the Honored Engineer (HE) system in 2018, allowing outstanding technical experts to continue working beyond the retirement age of 60, and produced its first expert in 2020.

Finally, Park urged, "While being faithful to basic management activities, there must be no gaps in 'safety management,'" and added, "As a 'No.1 company,' we must bear a heavy responsibility toward numerous stakeholders, including customers, partners, shareholders, and local communities."

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