MagnaChip Appoints Ms. Kyo-Hwa (Liz) Chung to its Board of Directors

Rhea-AI Summary

MagnaChip Semiconductor Corporation (NYSE: MX) has appointed Kyo-Hwa (Liz) Chung to its board of directors, effective July 16, 2020. Ms. Chung, currently Head of Corporate, External and Legal Affairs at Microsoft Korea, brings significant experience from her previous roles, including positions at Kim & Chang and as a judge. Her appointment fills a vacancy and expands the board to seven directors. Chairman Camillo Martino expressed confidence in her expertise enhancing the board's capabilities. MagnaChip specializes in analog and mixed-signal semiconductor solutions.

Positive

• Appointment of Kyo-Hwa (Liz) Chung adds significant legal and industry experience to the board.
• Board expansion reflects a commitment to strengthening leadership.

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• None.

SEOUL, South Korea and SAN JOSE, Calif., July 20, 2020 /PRNewswire/ -- MagnaChip Semiconductor Corporation ("MagnaChip") (NYSE: MX) announced the appointment of Kyo-Hwa (Liz) Chung to its board of directors, effective July 16, 2020.  Ms. Chung currently serves as the Head of Corporate, External and Legal Affairs, for Microsoft Korea, a position she has held since November 2018.  Ms. Chung's appointment fills a vacancy on MagnaChip's Board of Directors ("Board") created as a result of the Board increasing the number of directors on the Board to seven directors from six directors.

Prior to Microsoft Korea, Ms. Chung was with the Korean law firm Kim & Chang, from April 2003 until November 2018, most recently as a partner focusing on the areas of international disputes, government investigations and crisis management.  During September 2008 to March 2009, Ms. Chung was engaged with the international law firm Skadden, Arps, Slate, Meagher & Flom LLP, as a visiting attorney at its New York office.  Ms. Chung served as a judge on the Seoul Administrative Court from 2001 to 2003 and the Seoul Central District Court from 1999 to 2001.  Ms. Chung received an LLM degree from Harvard Law School in 2008, and a Bachelor of Law degree from Korea University in 1996.  Ms. Chung is licensed to practice law in Korea and New York.

"I am delighted to welcome Liz to MagnaChip's Board.  She will bring extensive experience in the technology industry and her legal expertise to our Board and will complement the diverse skills of our strong Board of Directors team.  We look forward to leveraging her expertise and perspective as we oversee the Company's exciting journey to its next phase," said Camillo Martino, Chairman of the Board of MagnaChip.

"I am honored to join the Board of MagnaChip and look forward to contributing to its future success, as we all continue to drive significant long-term shareholder value," said Ms. Chung.

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 provides a broad range of standard products and manufacturing services to customers worldwide.  MagnaChip, with more than 40 years of operating history, owns a portfolio of approximately 2,950 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): So-Yeon Jeong Head of Investor Relations Tel. +1-408-712-6151 investor.relations@magnachip.com

Korea / Asia media: Chankeun Park Director of Public Relations Tel. +82-2-6903-5223 chankeun.park@magnachip.com

 

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SOURCE MagnaChip Semiconductor Corporation

FAQ

Who is the new board member appointed by MagnaChip on July 16, 2020?

Kyo-Hwa (Liz) Chung was appointed to the board of MagnaChip Semiconductor Corporation on July 16, 2020.

What role does Kyo-Hwa (Liz) Chung currently hold?

Ms. Chung is currently the Head of Corporate, External and Legal Affairs at Microsoft Korea.

How many directors are now on MagnaChip's board?

With the appointment of Ms. Chung, MagnaChip's board now has seven directors.

What is MagnaChip Semiconductor Corporation's business focus?

MagnaChip designs and manufactures analog and mixed-signal semiconductor solutions for various applications.