SK Hynix Achieves 'Highest Grade' as a Strategic Goods Authorized Compliance Trader

Top AAA Rating... Eligible for Administrative Benefits

SK Hynix announced on the 5th that it has become the first member company of SK Group to receive the highest AAA rating as a Strategic Goods Autonomous Compliance Trade Operator from the Ministry of Trade, Industry and Energy.

Strategic goods refer to items and technologies controlled by the government in terms of export, import, supply, and consumption for the purpose of national security, foreign policy, and domestic supply management. A Strategic Goods Autonomous Compliance Trade Operator is a company that confirms that the items it handles are strategic goods and independently monitors who the final users are and whether transactions comply with global trade regulations.

The Ministry of Trade, Industry and Energy selects outstanding companies among domestic autonomous compliance trade operators every year and assigns three levels of ratings (A, AA, AAA) based on export control capabilities. The AAA rating that SK Hynix received this time is the highest level, awarded to companies that serve as models in operating autonomous compliance systems.

SK Hynix has recently invested in establishing a strategic goods and export control management system and strengthened its export control capabilities in line with the global trend of governments and companies focusing on semiconductor supply chain management. Since being designated as an autonomous compliance trade operator in 2005 and receiving an AA rating in 2014, it has now received the highest rating for the first time this year. Going forward, it will receive administrative benefits such as shortened export permit review periods and simplified documentation.

Kim Yun-wook, Vice President of SK Hynix (in charge of Sustainability Management), said, "We are pleased that the government has recognized the excellence of our Compliance Program. We will continue to strictly comply with domestic and international laws and regulations and strive to meet the expectations of all stakeholders."

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