Business
Korea Zinc Announces AGM Results, with the Current Management Retaining Control of the Board with Overwhelming Shareholder Support
Korea Zinc (KRX:010130) announced on March 28 that it has successfully concluded its annual general meeting (AGM), with the current management retaining board control in contention against MBK and Young Poong.
About this update from Korea Zinc Co., Ltd.
[{"type":"text","content":"SEOUL, South Korea, March 28, 2025 /PRNewswire/ -- Korea Zinc (KRX:010130) announced on March 28 that it has successfully concluded its annual general meeting (AGM), with the current management retaining board control in contention against MBK and Young Poong.","length":265,"tagName":"p"},{"type":"image","alt":"Korea Zinc Logo (PRNewsfoto/Korea Zinc)","displaySize":"","headline":null,"caption":"Korea Zinc Logo (PRNewsfoto/Korea Zinc)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":145,"url":"https://media.zenfs.com/en/prnewswire.com/36dca5108ebe3c1b47778885d4ee85b5"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/D1Oi7E1aCIdPLk4GXAK1mg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI1NjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/36dca5108ebe3c1b47778885d4ee85b5","width":400,"height":145}},"href":"https://mma.prnewswire.com/media/2479692/01_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Korea Zinc's 51st AGM was held at Yongsan, Seoul. The participants in the meeting demonstrated strong support for the current management, underscoring the outstanding business performance and shareholder returns Korea Zinc has managed to continuously deliver upon.","length":268,"tagName":"p"},{"type":"text","content":"Korea Zinc employees, key technical staff, labor unions, partner companies, and civil society groups in Ulsan have consistently voiced firm support for the current management. Public sentiment on assisting the current management had also grown rapidly, particularly due to the recent developments in Homeplus abruptly filing for corporate rehabilitation which drew close parallels to Korea Zinc's situation.","length":411,"tagName":"p"},{"type":"text","content":"On the day of the AGM, Korea Zinc labor union members traveled from Ulsan to Seoul to stand in solidarity with the current management of Korea Zinc. Of particular note, the labor union of Homeplus also staged a protest in front of the venue, issuing warnings on the potential dangers of private equity firms.","length":308,"tagName":"p"},{"type":"text","content":"Inside the AGM venue, many shareholders called for measures to protect the company from potential destabilization from outside influence. These concerns were able to gain traction as Korea Zinc is a core national industry that plays a vital ro...