hynix Appoints New Chief Executive Officer Pointing towards ‘Good Memory, Good Company’

Seoul, March 29th, 2010

hynix Semiconductor Inc. (‘hynix’ or ‘the Company’) today announced that Oh Chul Kwon has been appointed as the chief executive officer (CEO) of the Company.

Kwon declared the corporate slogan, ‘Good Memory, Good Company’, at the inauguration ceremony for the sustainable presence of the Company. “It is my great honor to take an important role in this winning company at the stage of challenging for the promising future after overcoming such a severe industry downturn. I will fully devote myself in order to provide utmost satisfaction and value to every interested party of the Company.” said Kwon at the ceremony.

Along with the slogan, he emphasized four core management missions as; focusing on core business, strengthening future competency, building up internal corporate competency and enhancing human-oriented corporate culture.

Kwon joined Hyundai Electronics, the predecessor of hynix Semiconductor and a former affiliate of Hyundai Group, in 1984 and has been with the company ever since. In March of 2006, he began to serve as a standing director. Kwon has steadily built his reputation as a proven leader in both finance and strategy through his roles in global marketing, strategic and financial planning, international trade affairs, strategic alliance and M&A. He has served in number of key positions including Vice President of Financial Planning, Director of Strategic Planning as well as Director of Corporate Relations.

Jong Kap Kim, the former chairman and CEO of hynix, has been elected to the chairman of the board of directors as of March 26th. He will serve the Company in his office for three years as a standing director.

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About hynix Semiconductor Inc.

hynix Semiconductor Inc. (HSI) of Icheon, Korea, is the world’s top tier memory semiconductor supplier offering Dynamic Random Access Memory chips (“DRAMs”) , Flash memory chips (“NAND Flash”) and CMOS Image Sensor (“CIS”) for a wide range of distinguished customers globally. The Company’s shares are traded on the Korea Stock Exchange, and the Global Depository shares are listed on the Luxemburg Stock Exchange. Further information about hynix is available at www.hynix.com.