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- Authorities certifies firm’s export management compliance program “most glorious”
- SK hynix reaffirms its dedication in stopping chips from getting used for weapons of mass destruction or different illegitimate functions
- SK hynix to commit its greatest efforts to proceed to adjust to export controls laws and worldwide commerce customary to make sure secure commerce practices throughout all enterprise areas
SK hynix Inc. (or “the corporate”, www.skhynix.com) introduced immediately that it has obtained the AAA certification, the very best stage of voluntary compliance merchants for strategic gadgets*, from South Korea’s Ministry of Commerce, Business and Vitality (MOTIE).
* Strategic gadgets: key merchandise and applied sciences that the federal government designates to handle exports and imports, provide and demand to maintain nationwide safety, overseas insurance policies and home market situations below management
The AAA scores are given to the businesses with the export management compliance applications which might be consistent with the export management laws and worldwide commerce customary, the place the businesses have the flexibility to independently decide whether or not an merchandise is assessed as strategic merchandise in addition to the flexibility to research the end-users.
South Korea’s commerce ministry selects corporations with glorious export management compliance applications and categorizes them into three teams – A, AA and AAA – yearly, granting the AAA scores solely to these with probably the most glorious export management compliance applications.
The transfer comes at a time when many international locations and governments around the globe make utmost efforts to correctly handle world provide chains, introducing measures aimed toward stopping semiconductors from getting used for weapons of mass destruction or different illegitimate functions.
SK hynix, with its longtime efforts to enhance the export management compliance program for strategic gadgets and export management measures, has been strengthening the capabilities by making persistent investments. Following the obtainment of its first certificates as a self-compliance dealer in 2005, it has maintained its AA scores since buying the standing in 2014 earlier than undertaking the very best stage of AAA this yr.
Kim Youn-wook, Vice President for Company Sustainability Administration at SK hynix, stated that it’s an honor for the corporate to win the federal government’s recognition for its most glorious compliance system. “We are going to proceed to adjust to each home and worldwide guidelines and meet necessities from all stakeholders.”
About SK hynix Inc.
SK hynix Inc., headquartered in Korea, is the world’s prime tier semiconductor provider providing Dynamic Random Entry Reminiscence chips (“DRAM”), flash reminiscence chips (“NAND flash”) and CMOS Picture Sensors (“CIS”) for a variety of distinguished prospects globally. The Firm’s shares are traded on the Korea Trade, and the World Depository shares are listed on the Luxemburg Inventory Trade. Additional details about SK hynix is offered at www.skhynix.com, information.skhynix.com.
Media Contact
SK hynix Inc.
World Public Relations
Technical Chief
Kanga Kong
Technical Chief
Joori Roh
