Amkor Holds Investor Day Amkor Holds Upbeat "Investor Day"; Platform Firmly Established for Strong Growth in 2002 and 2003.

Business Editors/High-Tech Writers

PHOENIX--(BUSINESS WIRE)--March 1, 2002

During its annual "Investor Day" being held today in Phoenix, Amkor Technology, Inc. (Nasdaq: AMKR) will cite several strategic initiatives undertaken during 2001, together with ongoing outsourcing trends, as providing the company with a foundation for strong growth in 2002 and 2003.

In keeping with its corporate policy, Amkor is not providing updated guidance for the first quarter of 2002. However the company will say that based on the steady growth in many of its customers' six-month forecasts, there is increasing optimism that the second quarter of 2002 could show a double-digit increase in assembly & test revenue from the first quarter of 2002. In addition, the company will say that it anticipates these forecasts will continue to build, leading to a strong second half. Amkor plans to release its first quarter 2002 earnings on or about May 1, at which time it will provide official guidance for the second quarter of 2002.

"We are seeing increasing evidence that our investments in advanced package and test technology, together with our strategic entry into Japan, Taiwan and China, have positioned Amkor to outperform the industry as it finally moves into the upcycle," said James Kim, Amkor's Chairman and Chief Executive Officer. "We undertook these strategic initiatives during the most severe semiconductor downturn in history. We balanced a series of comprehensive cost savings actions with a strategy of proactive, yet prudent investments in key technologies and growth markets that we believe will provide Amkor with exciting growth opportunities in the years ahead."

Some highlights of the presentations given by Amkor's operating management:

-- Ongoing investments in Flip Chip, System-in-Package, MicroLeadFrame(TM), and
high-end BGA packages are generating a large number of new business wins. In
many of these cases, Amkor is successfully gaining business from its direct
competitors. In several other cases, Amkor's packaging and test solutions are
encouraging Integrated Device Manufacturers (IDMs) to increase their
outsourcing.

-- Amkor's one-year old, landmark venture in Japan with Toshiba is proving to
be very successful. Amkor Iwate represented nearly $200 million in 2001 revenue
and has consistently exceeded the cost-reduction benchmarks structured into the
venture. Several other Japanese semiconductor companies have expressed interest
in the Amkor Iwate business model. Amkor believes the stage has been set for
increased outsourcing of assembly and test in Japan.

-- Amkor's mid-2001 entry into Taiwan has given the company a strong and
growing presence in this important microelectronics region, and is expected to
result in important market share gains in several areas, including chipsets,
graphics and other PC & consumer electronics applications. Amkor believes these
gains could cause Taiwan-related revenue to double in 2002.

-- Amkor's new factory in Shanghai, China is developing ahead of plan, as
business is building with several key suppliers to the cell phone industry.
Amkor's strategic position in Shanghai's premier trade zone makes Amkor a
critical local supply chain partner supporting some of the world's leading
communications IC companies and cellular handset manufacturers. The company is
currently expanding manufacturing space to accommodate business forecasted for
the second half of 2002.

-- Amkor's System-in-Package business continues to expand, with important
business wins in several unrelated end-market applications where Amkor's SiP
technology platform provides a common linkage. The company has a growing number
of programs in qualification or volume production, including RF power
amplifiers, multimedia and secure digital memory storage cards, fingerprint
recognition modules, voltage regulator modules, and camera modules for cell
phones. Subject to the timing of new program rollouts, Amkor expects its 2002
SiP-related revenue to triple from the $35 million achieved in 2001.

-- Amkor is seeing rapid adoption of its MicroLeadFrame(TM) package family,
with strong unit growth in "MLF" packages, particularly for RF and wireless
applications. Amkor now has more than 30 MLF customers and expects unit volume
in 2002 to more than triple the 90 million MLF packages assembled in 2001.
Recently Amkor received two important business wins for customers who are
supplying total chipset solutions for the RF section of cell phones.

-- Amkor's Flip Chip business is expected to grow significantly in 2002 and
beyond, as improving manufacturing efficiencies enable Flip Chip to become more
cost effective for mid-range applications. Amkor believes it is the leading
outsourced provider of Flip Chip wafer bumping and assembly services. The
company is targeting such key markets as chipset and graphics, where speed and
performance requirement are making Flip Chip solutions more attractive.

-- Outsourcing by IDMs may be accelerating, based on the increasing number of
large-scale opportunities that are being discussed in the market. Amkor's
recent outsourcing transaction with Agilent Technologies could make Agilent one
of Amkor's top-10 customers during 2002. Several initiatives with major IDMs
are currently under negotiation and if successfully concluded could represent
attractive revenue opportunities in late 2002 and beyond.

-- Amkor reaffirms its commitment to restructure its 42% ownership interest in
Anam Semiconductor (ASI). Meanwhile, business at ASI's foundry has strengthened
over the past several quarters and is expected to continue to improve
throughout 2002. Amkor confirms that any capital expenditures relating to the
foundry will be funded by ASI.

Amkor is the world's largest provider of contract microelectronics 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.

The above disclosure contains forward-looking statements that involve a number of risks and uncertainties. Factors that could affect future operating results and cause actual results to vary materially from historical and expected results include, but are not limited to: the highly unpredictable nature of the semiconductor industry; volatility of consumer demand for products incorporating our semiconductor packages; worldwide economic effects of the recent terrorist attacks on the United States and the United States military actions in response; competitive pricing and declines in average selling prices; dependence on our relationship with ASI for all of our wafer fabrication output; reliance on a small group of principal customers; timing and volume of orders relative to the production capacity; availability of manufacturing capacity and fluctuations in manufacturing yields; availability of financing; competition; dependence on international operations and sales; dependence on raw material and equipment suppliers; exchange rate fluctuations; dependence on key personnel; difficulties in managing growth; enforcement of intellectual property rights; environmental regulations; and the results of ASI through the equity method of accounting.