SK Hynix, Organizational Restructuring and Executive Appointments Next Year... 'Full Effort for Global Response'

Global Unit Issue Response and Securing Diversity Within the Organization

[Asia Economy Reporter Kim Pyeonghwa] Amid the global semiconductor industry's downturn due to worsening external economic conditions, SK Hynix has implemented an organizational restructuring for next year to turn the crisis into an opportunity. The company established new organizations and task forces (TF) to address global-level issues and streamlined the decision-making system within the company to enhance communication speed.

On the 1st, SK Hynix carried out the organizational restructuring and executive appointments for next year after reporting to the board of directors. SK Hynix explained, "We have reorganized the structure to increase speed, flexibility, expertise, and diversity in order to wisely overcome the recent downturn in the semiconductor industry," adding, "This aligns with our direction to pursue greater future growth and turn the crisis into an opportunity."

To respond to global uncertainties and geopolitical issues, SK Hynix will establish a new 'Global Strategy' under the 'Future Strategy' division. Additionally, a 'Global Operation Task Force (TF)' will be formed under the CEO to effectively respond to global production facility deployment and regional issues. The TF leader will concurrently serve as Cha Seonyong, head of SK Hynix’s Future Technology Research Institute.

In line with the rapid changes in the global business environment and to enhance product and customer support competitiveness, changes will also be made to the 'Global Sales & Marketing (GSM)' organization. GSM will be divided into 'Global Sales,' responsible for overseas sales, and 'Marketing/Product Planning,' with both organizations specializing and performing more segmented roles. The GSM head will be Kim Juseon, who previously led the Americas organization.

SK Hynix will streamline the internal decision-making system to increase the speed and flexibility of management judgments. The existing Safety Development Manufacturing division and business divisions will be abolished to accelerate decision-making between the CEO and key organizational executives.

Kim Youngsik, SK Hynix’s Manufacturing/Technology head, will serve as the Chief Safety Officer (CSO). Given that Kim oversees the largest number of field organization members, he will focus on the company’s critical value of safety.

SK Hynix will boldly select young and talented technical personnel to build a foundation for future growth and enhance organizational diversity and dynamism. SK Hynix newly appointed Ko Eunjeong, a female executive with high technical expertise, and selected Park Myungjae, born in 1980, as a next-generation technical talent.

Park Jung-ho, Vice Chairman of SK Hynix, said, “With this organizational restructuring and executive appointments, SK Hynix will challenge changes that surpass its own limits,” adding, “We will awaken the DNA that is strong in the face of crisis and surely achieve a new leap toward becoming a truly global top-tier technology company.”

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