SK Hynix President Park Sung-wook
K Hynix President Park Sung-wook received the $10 billion trade award tower at the 51st Trade Day anniversary event at the COEX in southeastern Seoul on Dec. 5.
SK Hynix achieved the feat of exporting $12.62 billion of goods in 2014, a 31.9 percent jump from $9.58 billion in 2013.
A flood of new digital products has boosted the scope of the semiconductor segment and semiconductor demand. SK Hynix has achieved remarkable business performance compared to rival companies by bracing for the trends in the semiconductor field.
SK Hynix is on a roll. The company took up a 27 percent share and a 14 percent share in the global DRAM and NAND flash memory markets during 2013, respectively.
SK Hynix has played a leading role in the global semiconductor industry. The company specializes not only in memory semiconductor products such as DRAMs and NAND Flash memory chips essential for a wide range of IT gadgets, including mobile and computing devices, but also in such system semiconductor products as the conductor-insulator-semiconductor (CIS). It was in 1984 that SK Hynix began to produce the 16Kb static random-access memory (SRAM) for the first time. SK Hynix has since come up with a series of innovative products—the world’s first, smallest, highest speed and lowest power semiconductor chips — to grow into the world’s second largest semiconductor company. Of late, smartphones and tablet PCs have become household items to modern people, and new
IT gadgets are expected to creep into people’s daily lives more and more.
Despite the past’s difficult business uncertainties, SK Hynix has achieved excellent sales and operating profits. SK Hynix’s remarkable achievements have been owed not only to favorable price movements and rising shipments, but also the company’s strenuous efforts to focus on profitability-oriented items and to improve unit costs to enhance productivity.
Winner of Order of Industrial Service, Bronze Tower
During the 51st Trade Day anniversary event, SK Hynix Managing Director Kwon Young-gil was presented with the Order of Industrial Service, Bronze Tower in recognition of his contribution to boosting the nation’s semiconductor exports and developing the Korean semiconductor industry.
Kwon has been credited with boosting semiconductor exports throughout his 28 years in that field. In particular, he has been praised for his role in contributing to surging exports to China and Taiwan while he was at the helm of SK Hynix operations in Shanghai during the period between 2008 and 2012, and in Taiwan during the period between 2013 and today.
Kwon is praised for employing “time to market” strategies in accordance with characteristics of such Chinese key players as Lenovo, Huawel Asuss, Acer HTC and other newly emerging IT companies and market trends. His efforts to promote both business transactions with customer companies and collaboration have paid off. The year 2013 saw the company’s combined sales to the Chinese business areas soar to $4.4 billion, a 48 percent jump over 2012.
