Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Lee Woung Moo
 2. Date of Event Requiring Statement (Month/Day/Year)
11/03/2015		 3. Issuer Name and Ticker or Trading Symbol
MAGNACHIP SEMICONDUCTOR Corp [MX]
(Last)
(First)
(Middle)
60 SOUTH MARKET STREET, SUITE 750		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
See Remarks
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

SAN JOSE, CA 95113		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 22,950
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy)   (1) 11/01/2023 Common Stock 50,000 $ 19.56 D  
Stock Option (Right to Buy)   (2) 06/09/2025 Common Stock 21,970 $ 7.64 D  
Stock Option (Right to Buy) 06/09/2015 06/09/2025 Common Stock 21,970 $ 7.64 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Lee Woung Moo
60 SOUTH MARKET STREET, SUITE 750
SAN JOSE, CA 95113		       See Remarks  

Signatures

/s/ Theodore Kim, Attorney-in-Fact 11/12/2015
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The stock option vested and became exercisable: as to 17,000 shares on 11/1/2014; as to an additional 4,500 shares on 2/1/2015; and as to an additional 4,000 shares on each of 5/1/2015, 8/1/2015 and 11/1/2015. The stock option vests and becomes exercisable, subject to continued service, as to the remaining shares as follows: an additional 4,500 shares will vest and become exerciable on 2/1/2016; and an additional 4,000 shares will vest and become exerciable on each of 5/1/2016, 8/1/2016 and 11/1/2016.
(2) The stock option vests and becomes exercisable, subject to continued service: 33 1/3% on 6/9/2016; 33 1/3% on 6/9/2017; and 33 1/3% on 6/9/2018.
 
Remarks:
Executive Vice President and General Manager, Standard Products Group

Exhibit 24 - Power of Attorney

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