SEOUL, Korea — June 29th, 2007
hynix Semiconductor Inc. (“hynix” or the “Company”, www.hynix.com) announced the Company introduced Fair Trade Compliance Program (the “Program”). The Program is a law-abiding system which aims to observe the related laws with regard to fair trade including antitrust.
“hynix adopts the Program in order to build cornerstone to become the world’s best semiconductor corporation and to establish the fair legal system in the semiconductor industry.” said CEO Jong Kap Kim. He particularly requested employees to observe fair trade laws.
The Company said it has had an off-line based fair trade controlment. In addition to existing system, this Program was formulated in order to systematically enforce observing the related laws by setting up the on-line system.
hynix staffs are able to check any contradictory behavior through the on-line system prior to any sales or purchases. On-line counseling is also available to reduce any risks of infringement of laws.
“The risks in respect to antitrust and trade conflicts inevitably exist in the semiconductor industry. The introduction of this Program will facilitate staffs to comply with the law.” said the Company.
hynix appointed Si-Woo Kim, Chief Administration Officer, to a Secretary General of Fair Trade Compliance Program and set up an internal Secretariat. The Secretariat will operate systematic education program, detect internal illegal acts and take disciplinary measure.
The detection from outside is available by accessing the webpage of Fair Trade Compliance Program under the Company’s website in regard to unfair trade practices. hynix said this Program represented the strong willingness of hynix toward fair business compliance management.
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”) and Flash memory chips to a wide range of established international customers. 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
