CHANDLER, Ariz., Nov. 30 -- Amkor Technology, Inc. (Nasdaq: AMKR) said today that it has successfully completed two previously announced financing initiatives designed to improve the company's liquidity. In the first transaction Amkor's subsidiary, Amkor Technology Taiwan, Ltd., has closed on a syndicated NT$1.8 billion (approximately US$54 million) secured term loan through a group of institutional lenders, with Chinatrust Commercial Bank, Ltd. ("Chinatrust") and Ta Chong Commercial Bank acting as coordinating arrangers. In the second transaction, Amkor has entered into a new $100 million senior secured revolving credit facility on November 28, 2005 arranged by Bank of America, N.A., and Wachovia Capital Finance Corporation, as co-lead arrangers.

The term loan will be repaid in 10 equal semi-annual installments with a final maturity of November 30, 2010 and will bear interest at a floating rate based on the Taiwan 90-day commercial paper rate plus a margin of 1.2% (currently 2.8% inclusive of the margin). In September 2005 Amkor received NT$1 billion (approximately US$30 million) in interim financing pending completion of the term loan. Amkor intends to use the net proceeds of the term loan to repay the interim financing and for general corporate purposes, including capital expenditures.

"Amkor is a global company with an expanding presence in Asia and the Greater China region. We are pleased to be working with an outstanding group of banking professionals in Taiwan to support the company's working capital and capital expenditure needs in Asia," said Joanne Solomon, Amkor's corporate treasurer.

The new $100 million revolver, which is available through November 28, 2009, replaces Amkor's prior $30 million secured revolving line of credit, which was scheduled to mature on June 29, 2007. The available funds, if drawn, would be used for general corporate purposes. Availability under the revolver is determined on a formula based on Amkor's accounts receivable.

"These initiatives, together with the recent private placement of $100 million in convertible subordinated notes due 2013 and the subsequent repurchase of $100 million in convertible notes due 2006, are consistent with our strategy of improving our financial liquidity. The expansion of our revolving credit from $30 million to $100 million provides additional support, if needed, to finance our operating and debt service requirements through 2007," said Ken Joyce, Amkor's chief financial officer.

    Summary of key terms -- NT$1.8 billion (approx. US$54 million) senior
secured term loan:

     Availability:         Through November 30, 2010
     Lead Arrangers:       Chinatrust and Ta Chong Commercial Bank
     Pricing:              Taiwan 90-day Primary Market Commercial Paper
                           Fixing Rate plus 1.20%
     Financial covenants:  Relating to Amkor Taiwan: Minimum Current Ratio;
                           Maximum Leverage Ratio; and Minimum Tangible Net

    Summary of key terms -- $100 million senior secured revolving credit

    Availability:          Through November 28, 2009
    Co-Lead Arrangers:     Bank of America, N.A. and Wachovia Capital Finance
    Pricing:               Libor + 1.50% (or Libor + 2.25% based on minimum
                           liquidity requirements).  The facility also
                           provides for base rate borrowings.
    Financial covenants:   None

The credit agreements containing a complete listing of definitions and provisions will be filed with Amkor's SEC Form 10-K.

This press release contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are subject to a number of risks and uncertainties that could affect future results and cause actual results and events to differ materially from historical and expected results. 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 reports on Form 10-K/A for the year ended December 31, 2004 and Form 10-Q for the quarter ended September 30, 2005.

Amkor Technology, Inc. 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:

    Jeffrey Luth
    480-821-5000 ext.5130