Amkor Reports Record Fourth Quarter Sales and Return to Profitability


Further information on risk factors that could affect the outcome of the events set forth in these statements and that could affect the company's operating results and financial condition is detailed in the company's filings with the Securities and Exchange Commission, including the Report on Form 10-K/A for the year ended December 31, 2004 and Form 10-Q for the quarter ended September 30, 2005. (selected operating data and tables to follow) Selected operating data for the fourth quarter and full year of 2005
                                            4th Quarter    Full Year
       
--  Capital additions                       $61 million  $293 million

    Net increase in related accounts
     payable                                 $9 million    $3 million
                                             ----------    ----------
    Payments for property, plant &
     equipment                              $70 million  $296 million
                                            ===========  ============ 

--  Depreciation and amortization           $64 million  $248 million
--  Free cash flow (a)                      $30 million ($199 million)

(a) Reconciliation of free cash flow to the most directly comparable
    GAAP measure:

Net cash provided by operating activities  $100 million   $97 million
Less purchases of property, plant and
 equipment                                 ($70 million)($296 million)
                                            -----------  ------------
Free cash flow from continuing operations   $30 million ($199 million)
                                            ===========  ============

    We define free cash flow as net cash provided by operating 
    activities less purchases of property, plant and equipment.  Free 
    cash flow is not defined by generally accepted accounting 
    principles.  However, we believe free cash flow to be relevant and
    useful information to our investors in assessing our liquidity, 
    capital resources and financial operating results.  Our management
    uses free cash flow in evaluating our liquidity, our ability to 
    service debt and our ability to fund capital expenditures.  
    However, this measure should be considered in addition to, and not
    as a substitute, or superior to, cash flows or other measures of 
    financial performance prepared in accordance with generally 
    accepted accounting principles, and our definition of free cash 
    flow may not be comparable to similarly titled measures reported 
    by other companies.

--  Fourth quarter capacity utilization was approximately 90%.  We 
    calculate capacity utilization as revenue divided by average 
    revenue generating capacity (RGC) for the quarter.  We define RGC 
    as 90% of installed capacity (based on the bottleneck limitations 
    for each production line), using quarterly average selling price.

--  Assembly unit shipments for Q4 2005 were 2.1 billion, up 5% from 
    Q3 2005.

--  Assembly unit shipments for FY 2005 were 7.4 billion, up 4% from 
    2004.

--  Q4 2005 end market distribution (an approximation based on a 
    sampling of programs with our largest customers):

      Communications                        37%
      Computing                             19%
      Consumer                              34%
      Other                                 10%

--  Q4 2005 percentage of revenue:
      Leadframe packages                    37%
      Laminate packages                     49%
      Other                                  4%   
      Test                                  10%
(tables to follow)
                      AMKOR INC. TECHNOLOGY, INC.
            CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                 (in thousands, except per share data)
                              (unaudited)

                                            For the Three Months Ended
                                                  December 31, 
                                            --------------------------
                                                        2005                        2004
                                                                                        ----------            ----------

Net  sales                                                                      $  643,492              $  453,254

Cost  of  sales                                                                  487,776                  379,812
                                                                                        ----------            ----------

Gross  profit                                                                    155,716                    73,442
                                                                                        ----------            ----------

Operating  expenses:
    Selling,  general  and  administrative                    56,242                    56,380
    Research  and  development                                            9,653                      9,166
    Gain  on  sale  of  specialty  test  operations        (4,408)                        ---
                                                                                        ----------            ----------
        Total  operating  expenses                                      61,487                    65,546
                                                                                        ----------            ----------

Operating  income                                                              94,229                      7,896
                                                                                        ----------            ----------

Other  expense  (income):
    Interest  expense,  related  party                                  521                          ---
    Interest  expense,  net                                                42,584                    41,177
    Foreign  currency  loss                                                  4,688                      1,977
    Other  income,  net                                                        (3,024)                      (350)
                                                                                        ----------            ----------

        Total  other  expense                                                44,769                    42,804
                                                                                        ----------            ----------
Income  (loss)  before  income  taxes  and
  minority  interest                                                          49,460                  (34,908)
Minority  interest  income  (expense)                              (685)                        717
                                                                                        ----------            ----------
Income  (loss)  before  income  taxes                            48,775                  (34,191)

Provision  for  income  taxes  (benefit)                      (5,226)                    1,901
                                                                                        ----------            ----------
Net  income  (loss)                                                      $    54,001              $  (36,092)
                                                                                        ==========            ==========

Net  income  (loss)  per  common  share:
    Basic                                                                          $        0.31              $      (0.21)
                                                                                        ==========            ==========
    Diluted                                                                      $        0.30              $      (0.21)
                                                                                        ==========            ==========

Shares  used  in  computing  basic  net  income
  (loss)  per  common  share:
    Basic                                                                              176,721                  175,718
                                                                                        ==========            ==========
    Diluted                                                                          181,267                  175,718
                                                                                        ==========            ==========
 


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