SK Hynix "Created 9.4173 Trillion KRW Social Value Last Year... More Than Half of the Group"

93% Increase to 9.4173 Trillion KRW
More Than Half of SK Group's Total Social Value Creation of 18.4 Trillion KRW

[Asia Economy Reporter Park Sun-mi] SK Hynix created social value (SV) worth 9.4173 trillion KRW last year, accounting for more than half of the SV generated within the group.

On the 30th, SK Hynix announced that its SV performance last year reached 9.4173 trillion KRW, a 93% increase compared to 4.8887 trillion KRW in 2020. This amount exceeds half of the total social value created by the SK Group in 2021, which was 18.4 trillion KRW.

By category, 'Economic Indirect Contribution Performance' such as tax payment, employment, and dividends was calculated at 9.7201 trillion KRW, 'Environmental Performance' at -952.7 billion KRW, and 'Social Performance' at 649.9 billion KRW.

The economic indirect contribution performance increased by 81% compared to 2020 as SK Hynix recorded its highest sales since its establishment last year. Figures increased in all areas including tax payment, employment, and dividends. Tax payments rose 160% year-on-year due to increased profits, employment increased 56% as the number of employees grew and compensation expanded, and dividends also increased 32% through an active shareholder return policy.

Social performance also increased by 44% due to efforts to revitalize the semiconductor ecosystem and expanded contributions to vulnerable groups. SK Hynix has continuously provided technical support and education for its partners to promote the semiconductor ecosystem. Additionally, the company contributed to the localization of materials, parts, and equipment through joint technology development with partners.

However, environmental performance showed a 2% increase in negative impact as total greenhouse gas emissions rose due to increased production following global semiconductor demand expansion. Specifically, negative costs in resource consumption and environmental pollution increased by 3% compared to the previous year.

Kim Yoon-wook, Vice President of SK Hynix (Head of Sustainable Management), said, “We have been transparently communicating with stakeholders by announcing social value performance for four consecutive years since 2019,” and added, “We will continue to enhance the execution of our mid- to long-term social value creation goal ‘SV 2030’ and strengthen ESG management to contribute to humanity and society.”

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