Shareholders of Hynix Semiconductor-Hynix approved SK Group Chairman Chey Tae-won as a new board member Monday.
SK Telecom Chief Executive Ha Sung-min and Hynix Executive Vice President Park Sung-wook were also appointed as new members of the board of Hynix, which has been acquired by SK. The official merger announcement is expected in March.
``About 42 percent of Hynix shareholders gave the green-light for SK Chairman Chey to become a new board member, though 16 percent were against the plan,’’ said Hynix Chief Executive Kwon Oh-chul in a shareholders meeting at Icheon, where Hynix’s chip-making plant is located
Kwon insisted fast decisions are needed for pending issues, dismissing criticism over Chey’s ongoing legal problems.
``It’s very important for Chey to participate in the Hynix board as he has a widespread global network and is an experienced businessman,’’ Kwon said.