We understand the importance of the Business Continuity Plan (“BCP“) in protecting Magnachip from critical internal and external risks, and in ensuring that we can quickly recover and maintain our key business operations during times of crises or disasters.
The plan includes detailed processes for addressing unexpected situations that threaten the safety and security of our employees and assets and our ability to meet our obligations to customers, suppliers, shareholders and communities.
Magnachip’s BCP is based on the following principles:
Although Magnachip has established and developed a system for our BCP, we cannot guarantee that our plan will operate perfectly given the unexpected and complicated nature of crises. Nevertheless, we are committed to protecting our customers, suppliers, shareholders and communities and to continuously operating our business to the extent practicable, even in the event of a crisis situation.