SK Hynix Grants Stock Bonuses of 2 Billion KRW to Park Jeong-ho and 1.4 Billion KRW to Lee Seok-hee

"Purpose of Rewarding Inside Directors for Enhancing Corporate Value"

Vice Chairman Park Jung-ho (left) and President Lee Seok-hee of SK Hynix (Photo by SK Hynix)

[Asia Economy Reporter Lee Hye-young] SK Hynix announced on the 25th that it will grant 15,933 shares of treasury stock to Vice Chairman Park Jung-ho and 11,194 shares of treasury stock to President Lee Seok-hee as stock bonuses.

Based on the closing price on the 22nd, which is the reference date for the bonus payment (128,500 KRW), the stock bonus received by Vice Chairman Park amounts to approximately 2.05 billion KRW, and President Lee's is about 1.44 billion KRW.

A company official explained, "The board of directors decided to pay part of the bonuses in treasury stock with the intention of linking the performance of internal directors in enhancing corporate value to their rewards."

SK Hynix achieved record-breaking sales of 42.9978 trillion KRW last year, driven by the memory semiconductor boom, and posted an operating profit of 12.4103 trillion KRW.

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