CHANDLER, Ariz., Oct. 20 - Amkor Technology, Inc. (Nasdaq: AMKR) announced that it has completed discussions with a group of institutional lenders concerning a new $300 million term loan credit facility and has allocated all $300 million to the lenders. Under the term loan credit facility Citigroup Global Markets Inc. ("Citigroup") will act as Sole Lead Arranger, and Citigroup, Merrill Lynch, Pierce, Fenner & Smith Incorporated ("Merrill Lynch") and J.P. Morgan Securities Inc. will act as Joint Bookrunners. Citicorp North America, Inc. will act as Administrative Agent and Collateral Agent; Merrill Lynch as Syndication Agent; and JPMorgan Chase Bank as Documentation Agent.

The term loan will mature on the sixth anniversary of the closing date and will be secured by a second lien on substantially all of the assets of Amkor and its domestic subsidiaries. The term loan will bear interest at a floating rate based on LIBOR plus a margin of 450 basis points per year and will include covenants similar to those in Amkor's outstanding 7 1/8% Senior Notes due 2011. Amkor intends to use proceeds of the term loan for working capital and general corporate purposes.

The closing of the credit facility is expected to occur on October 27, 2004 and is subject to completion of documentation and customary closing conditions.

About Amkor:

Amkor is a leading 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.

For further information please contact: Jeffrey Luth, VP Corporate Communications, Amkor Technology, Inc., +1-480-821-5000 ext. 5130, jluth@amkor.com