Magnachip Semiconductor Appoints Shinyoung Park as Chief Financial Officer

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Seoul, South Korea, January 3, 2022 / PRNewswire / – Magnachip Semiconductor Corporation (“Magnachip” or the “Company”) (NYSE: MX) today announced that Ms. Shinyoung Park has been promoted to Chief Financial Officer, effective January 1st, 2022. Ms. Park succeeds Dr. Young Soo Woo, who stepped down as of the end of December 31, 2021.

Ms. Park joined Magnachip in 2014 and held the position of Chief Accounting Officer of march 2020 at december 2021. She previously held the position of management controller of november 2018 until February 2020. Prior to joining Magnachip, Ms. Park held various senior advisory and audit positions for 10 years at Deloitte in three different locations: Chicago, Illinois, Seoul, South Korea, and London, United Kingdom Ms. Park holds a Bachelor of Business Administration from Sogang University, Seoul, Korea, and a master’s degree in hospitality industry studies from New York University.

“I am delighted to announce the appointment of Shinyoung, who also demonstrates the breadth of leadership within our organization, as well as our mission to empower talented individuals,” said YJ Kim, CEO of Magnachip. “Shinyoung has long been a valued member of our management team, who have been instrumental in building the strong finance and accounting team we currently have at Magnachip. We believe his extensive experience with the business, his understanding understanding of our operational disciplines and expertise in finance and accounting will be key to Magnachip as we continue to execute our plan for sustainable and profitable growth and focus on creating long-term value. ”

YJ Kim commented, “On behalf of the Board of Directors and the entire management team, I would like to thank Young Soo for the contributions he made to Magnachip during his tenure. We wish him the best in his future endeavors. “

About Magnachip Semiconductor Corporation

Magnachip is a designer and manufacturer of analog and mixed-signal semiconductor platform solutions for communications, IoT, consumer, industrial and automotive applications. The company supplies a wide range of standard products to customers all over the world. Magnachip, with over 40 years of operating history, has a portfolio of approximately 1,200 registered patents and pending applications, and has extensive expertise in engineering, design and manufacturing processes. For more information, please visit www.magnachip.com. Information on or accessible through Magnachip’s website does not form part of this press release and is not part of it.

CONTACTS:
In United States:
So-Yeon Jeong
Jeong Board
Phone. + 1-408-712-6151
[email protected]

SOURCE Magnachip Semiconductor Corporation

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