Choi Yun-beom, chairman of Korea Zinc, visited the Onsan Smelter site in Ulsan on the 31st. This is his first official schedule since the extraordinary shareholders' meeting on the 23rd.
On that morning, Choi held a meeting with executives and Heads of Team at the Onsan Smelter to address factory issues and encourage employees. Korea Zinc noted that given the challenging domestic and international economic environment, including hostile mergers and acquisitions (M&A), he emphasized the need to return to fundamentals by focusing on the core business.
Choi also inspected the construction site of the all-in-one nickel smelter, which is central to the new business Troika Drive, as well as the recent mass production of precursors at Korea Precursor Co., Ltd. (KPC) and KZAM.
Choi emphasized the importance of safety and the environment, stating, "When all employees produce products in the safest and most eco-friendly manner and ensure quality maintenance, the identity of Korea Zinc will shine."
Choi extended his gratitude to the citizens of Ulsan, local government, and the business community. The Ulsan city government supported Korea Zinc during the management dispute with Young Poong and MBK Partners.
Choi said, "As the saying goes, 'A friend in need is a friend indeed,' the support and encouragement from Ulsan during this hostile M&A phase has been a great strength, and I sincerely thank everyone who has been at the forefront of protecting local businesses." He added, "With the support of the citizens of Ulsan as nourishment, we will unite management, employees, and labor to quickly normalize the company and help it take another leap as a proud local business of Ulsan."