SK hynix’s business continuity plan (BCP) is about ensuring the continuity of our business by protecting our organization and triggering prompt response, recovery, and early return to normal in accordance with a well-organized plan in the event of any emergency, whether it be an unexpected disaster or a force majeure event.

At SK hynix, we work to have a BCP in place in line with the applicable global standards and ensure that the policies below are fully complied with and that all our members fulfill their own responsibilities and obligations in order to fully implement the plan. By doing so, we also keep our products and services available to customers in a reliable manner maintaining their trust. This will enable us to achieve sustainable growth and, ultimately, become the industry’s global leading semiconductor maker.

• 01.

  In the event of disaster, SK hynix utilizes all available resources in its business recovery in order to minimize the possibility of our clients’ business disruption.

• 02.

  SK hynix reviews The Business Continuity Plans annually, through periodic assessment of risk factors and their likely impacts.

• 03.

  SK hynix incorporates relevant regulatory requirements, legal and contractual obligations, and the interests of related parties. (especially SK hynix’s clients)

• 04.

  SK hynix performs periodic drills and tests based on various scenarios, as a means of mitigating risks that threaten continuity of SK hynix and to strengthen resilience.

• 05.

  SK hynix promotes a resilience culture throughout the company by providing continuous education and training to all personnel.

• 06.

  SK hynix maintains industry-leading Business Continuity Program through periodic reviews and improvements based on international standards.

• 07.

  SK hynix releases Business Continuity Policy, mission and objectives to public and conducts periodic reviews.

SK hynix maintains and manages ISO 22301 Certification on Business Continuity Management, and pursues maximization of business continuity through augmentation of operational performance.

SK hynix puts its best efforts to maintain effectiveness of the emergency response and recovery processes through periodic corporate-wide exercises.

BCP exercises reviews response and recovery procedures and the relevant plans under assumption of possible disruptions. Through the exercises, the effectiveness and appropriateness of BCP activation procedure, and each tasks to be performed by relevant teams are tested. Through such process we ensure the practicality of the BCP execution.

Immediately after a disaster/accident, ESH leads the emergency evacuation and responses, and personnel with expertise in each equipment/utility perform damage assessment. Based on the damage assessment reports, BCP activation is decided by the senior management, and the plans are executed.

1. ERT : Emergency Response Team
2. ECT : Emergency Control Tower

SK hynix has acquired Certification on Business Continuity Management based on the requirements stated by ISO 22301, as of 11. Jan, 2015. ISO 22301 is an international standard regarding Business Continuity Management, put into effect by the International Standard Organization in May, 2012. The standard outlines the recommended requirements that business should possess in order to recover its core operations during a disaster/accident.

SK hynix has set up a foundation for a resilient business, being prepared to recover its production, human resources, and infrastructure within a time objective, based on the business continuity plans.