MagnaChip Semiconductor Appoints Semiconductor Veteran Jeong Ki Min as Chief of Strategic Planning

-- Former Samsung and SK Telecom Executive Brings 33 Years Experience --

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Nov 01, 2018, 08:00 ET

SEOUL, South Korea and SAN JOSE, Calif., Nov. 1, 2018 /PRNewswire/ -- MagnaChip Semiconductor Corporation ("MagnaChip") (NYSE: MX), a designer and manufacturer of analog and mixed-signal semiconductor platform solutions, today announced the appointment of Jeong Ki Min to the newly created position of Chief of Strategic Planning. Mr. Min, a seasoned semiconductor executive with 33 years of global business experience, previously held senior positions at Samsung Semiconductor, Samsung Electronics, Samsung Display, and SK Telecom. He reports directly to YJ Kim, MagnaChip's Chief Executive Officer.

During his more than three decades in the high-tech industry, Mr. Min has initiated and negotiated high-profile joint venture agreements, strategic alliances and acquisitions. Among his other accomplishments, Mr. Min also has led new business planning teams, managed R&D operations, led Foundry marketing teams, and helped develop semiconductor growth strategies.

Most recently, Mr. Min was Senior Vice President, Office of the Vice Chairman of SK Telecom. Prior to that, Mr. Min held various leadership roles at several divisions of Samsung during a 25-year career.

At MagnaChip, Mr. Min will have a variety of responsibilities, including strategic planning related to semiconductor technologies, products, and markets. He also will play a key role in activities related to potential alliances, joint ventures and other transactions.

"Mr. Min brings to MagnaChip a wealth of semiconductor experience as well as a strong track record of business success," said YJ Kim, MagnaChip CEO. "Mr. Min will drive the strategic planning process across MagnaChip and help the management team set the future direction of our company."

Mr. Min said, "Over the past three years, MagnaChip has been transformed into a powerhouse in the Display and Power standard products businesses and become an industry leader in the analog and mixed signal Foundry business. I'm excited to join MagnaChip and look forward to working with the management team on strategic issues to help MagnaChip achieve the next level of success."

About MagnaChip Semiconductor

MagnaChip is a designer and manufacturer of analog and mixed-signal semiconductor platform solutions for communications, IoT, consumer, industrial and automotive applications. The Company's Standard Products Group and Foundry Services Group provide a broad range of standard products and manufacturing services to customers worldwide. MagnaChip, with over 30 years of operating history, owns a portfolio of approximately 3,100 registered patents and pending applications, and has extensive engineering, design and manufacturing process expertise. For more information, please visit www.magnachip.com. Information on or accessible through, MagnaChip's website is not a part of, and is not incorporated into, this release.

CONTACTS:

United States (Investor Relations):

Bruce Entin

Entin Consulting

Tel. +1-408-625-1262

[email protected]

Korea / Asia media:

Chankeun Park

Director of Public Relations

Tel. +82-2-6903-5223

[email protected]

SOURCE MagnaChip Semiconductor Corporation