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- Authorities certifies firm’s export management compliance program “most wonderful”
- 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 finest efforts to proceed to adjust to export controls rules and worldwide commerce customary to make sure protected commerce practices throughout all enterprise areas
SK hynix Inc. (or “the corporate”, www.skhynix.com) introduced right now that it has obtained the AAA certification, the best degree of voluntary compliance merchants for strategic objects*, from South Korea’s Ministry of Commerce, Business and Power (MOTIE).
* Strategic objects: key merchandise and applied sciences that the federal government designates to handle exports and imports, provide and demand to maintain nationwide safety, international insurance policies and home market situations beneath management
The AAA rankings are given to the businesses with the export management compliance applications which might be according to the export management rules and worldwide commerce customary, the place the businesses have the power to independently decide whether or not an merchandise is assessed as strategic merchandise in addition to the power to investigate the end-users.
South Korea’s commerce ministry selects corporations with wonderful export management compliance applications and categorizes them into three teams – A, AA and AAA – yearly, granting the AAA rankings solely to these with probably the most wonderful export management compliance applications.
The transfer comes at a time when many international locations and governments world wide make utmost efforts to correctly handle world provide chains, introducing measures geared 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 objects 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 rankings since buying the standing in 2014 earlier than conducting the best degree of AAA this 12 months.
Kim Youn-wook, Vice President for Company Sustainability Administration at SK hynix, mentioned that it’s an honor for the corporate to win the federal government’s recognition for its most wonderful 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 clients 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 obtainable at www.skhynix.com, information.skhynix.com.
Media Contact
SK hynix Inc.
World Public Relations
Technical Chief
Kanga Kong
Technical Chief
Joori Roh
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