July 29, 2002 – Chandler, AZ – Amkor Technology Inc. has entered into a shareholders agreement with the Dongbu Group in connection with Amkor’s previously announced purchase agreement with Dongbu to sell 20 million shares of common stock of Anam Semiconductor Inc. (ASI) at a price of 5,700 Korean won/share (US$4.85 at KRW1=US$0.0008).

Completion of the shareholders agreement was a condition to closing the transaction under the purchase agreement.

The proceeds from the sale will be applied to paying off the company’s $97 million term loan under its secured bank credit agreement. Amkor has already received a 10% deposit from Dongbu. The transaction is currently scheduled to close on August 28.

The shareholders agreement also provides that Amkor, ASI, and Dongbu will reach agreement no later than September 30 to terminate Amkor’s foundry agreement with ASL. Under the terms of the foundry agreement, Amkor has exclusive rights to sell all the output of ASI’s foundry until 2008.

Dongbu has completed its purchase of 12 million newly issued shares of ASI. This share acquisition, together with Dongbu’s purchase of Amkor’s 20 million shares, will reduce Amkor’s ownership interest in ASI to approximately 22%.