- Business
- Young Poong Corporation (000670.KS) engages primarily in non-ferrous metal smelting with a focus on zinc production and related byproducts in South Korea. Founded in 1949 and headquartered in Seoul, the company manufactures high-purity zinc ingots used in hot-dip galvanizing, die-casting alloys, electroplating, sacrificial anodes, photo-engraving plates, zinc oxide, and zinc plates; combination zinc jumbo bars for continuous and hot-dip galvanizing; zinc alloy ingots applied in automobiles, electric devices, toys, leisure goods, home appliances, accessories, office equipment, communication equipment, zippers, industrial machinery, tools, builders' hardware, plastic and press molds, and gears; sulfuric acid serving inorganic chemicals, metal refining, steel, spinning and weaving, chemical and fertilizer, fiber, and paper manufacturing industries; copper sulfate utilized in agrichemicals, reagents, electroplating, and metallurgy; electrolytic copper cathode for brass, bronze, plates, rods, and pipes; and silver byproducts for photographic materials, sterling and electroplated ware, catalysts, and jewelry. The company operates smelting facilities domestically and maintains London Metal Exchange registration since 1988, targeting industrial sectors including automotive, electronics, construction, and chemicals. In recent developments, Young Poong allied with MBK Partners to pursue control of Korea Zinc through tender offers and stake increases to 40.97% of shares and 46.7% of voting rights as of late 2024, amid a high-profile corporate governance dispute; introduced the world's first Zero Liquid Discharge system in 2021 and established the Young Poong Green Metal Campus in 2022 to expand into lithium-ion battery recycling for metals like lithium, nickel, cobalt, and copper; and proposed a stock split, higher dividends, and board changes at its March 2025 shareholders' meeting.