Amkor Names Oleg Khaykin to Head Corporate Development

CHANDLER, Ariz.--May 12, 2003--Amkor Technology, Inc. (Nasdaq: AMKR) announced that Oleg Khaykin has joined the company as Executive Vice President, Corporate Development. Khaykin will be responsible for managing Amkor's corporate development, M&A and intellectual property initiatives.

"I am delighted to welcome Oleg to Amkor," said John Boruch, Amkor's president and chief operating officer. "His strong background in strategic business development and management consulting will be valuable as we move forward with the next phase of Amkor's growth."

Mr. Khaykin joins Amkor from Conexant Systems, Inc., where he was responsible for overall market strategy and business development activities, including M&A, equity investments and strategic partnerships. Prior to joining Conexant in 1999, Mr. Khaykin spent eight years with The Boston Consulting Group, where he worked with leading European and American companies in the telecom, high tech, biotechnology and aerospace industries. Mr. Khaykin also spent five years as an engineer with Motorola. He is a graduate of the J.L. Kellogg School of Management at Northwestern University and Carnegie-Mellon University.

About Amkor

Amkor Technology, Inc. is the world's largest provider of contract semiconductor assembly and test services. The company offers semiconductor companies and electronics OEMs a complete set of microelectronic design and manufacturing services. More information on Amkor is available from the company's SEC filings and on Amkor's web site: http://www.amkor.com.