SK Hynix Recommends Gwak Nojeong and Noh Jongwon as Internal Director Candidates

Existing four inside directors including Vice Chairman Park Jeong-ho and President Lee Seok-hee

Nojung Kwak, President of Safety Development and Manufacturing Division, SK Hynix

[Asia Economy Reporter Lee Hye-young] SK Hynix announced on the 24th that it has nominated President Kwak No-jeong, Head of Safety Development and Manufacturing, and President Noh Jong-won, Head of Business, as candidates for inside directors.

SK Hynix held a board meeting the day before to finalize the appointment of new inside directors and the agenda items to be presented at the regular shareholders' meeting scheduled for the 30th of next month.

Presidents Kwak and Noh were promoted to president in the executive personnel reshuffle last December. President Kwak is responsible for integrated management of development and manufacturing as well as company-wide safety and health operations. President Noh is in charge of understanding customer and market trends, strategically responding to changes in the business environment, and discovering future growth engines.

No Jong-won, President of Business Division, SK Hynix

SK Hynix explained, "We nominated the candidates for inside directors to assign roles appropriate to their important responsibilities," adding, "Through the appointment of inside directors, President Kwak will responsibly perform his role in the increasingly important safety tasks, and President Noh will contribute to enhancing corporate value by improving the company's financial story execution capability."

The current SK Hynix inside board members are Vice Chairman Park Jung-ho, President Lee Seok-hee, and Vice President Oh Jong-hoon. When Vice President Oh's term expires and Presidents Kwak and Noh are newly appointed at the shareholders' meeting, the number will increase to four.

At this shareholders' meeting, the reappointment of outside director Ha Young-gu, former chairman of the Korea Federation of Banks, will be processed due to the expiration of his three-year term. There are expected to be no changes to the outside board members, which consist of six members including former Chairman Ha and Professor Song Ho-geun, Chair Professor at POSTECH.

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