Amkor Concludes Sale of Partial Stake in Anam Semiconductor; Proceeds Will be Retained to Enhance Liquidity.

Business Editors & Technology Writers

CHANDLER, Ariz.--(BUSINESS WIRE)--Sept. 30, 2002

Amkor Technology, Inc. (Nasdaq:AMKR) today announced it has consummated its share purchase transaction with Dongbu Group under which Dongbu has purchased from Amkor 20 million shares of common stock of Anam Semiconductor, Inc. "ASI" at a price of 5700 Korean Won per share, for a total consideration of 114 billion Won.

As previously reported, in July Dongbu made a deposit of 57 billion Won, and with the closing of the transaction today Dongbu has made an additional payment of 15 billion Won. Taken together, the initial proceeds of 72 billion Won is equivalent to approximately $59 million at current exchange rates.

The remaining 42 billion Won will be payable in equal installments under two promissory notes due September 2003 and February 2004. The notes will bear interest at 5% per annum and will be secured by ten million shares of ASI common stock.

Amkor said the proceeds of this transaction will not be used to repay bank debt but will instead be retained for working capital purposes.

"We are pleased to have concluded this agreement, which is an important step in our stated objective of monetizing our interest in ASI to focus on our core assembly and test business," said James Kim, Amkor's Chairman and Chief Executive Officer. "We believe that using the proceeds to augment our cash resources provides Amkor with additional liquidity at a time when there is continued uncertainty regarding the pace of recovery in the semiconductor industry."

With this sale of ASI shares to Dongbu, Amkor's ownership interest in ASI has been reduced from 42% to approximately 22%.

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: www.amkor.com.