Choi Yoon-beom, chairman of Korea Zinc, publicly apologized, saying the announcement of a paid-in capital increase in the general public offering caused confusion.
Chairman Choi held a press conference and said, "I apologize with humility for the market turmoil, shareholders, and investors' concerns."
It was intended to strengthen a diverse and independent shareholder base centered on ordinary investors, he said, bowing down that he took it seriously that he did not understand the minds of existing shareholders.
At the same time, he said he would strengthen the independence of the board and would step down as chairman of the board as soon as possible.
He also stressed that he will be reborn as a company that listens more to the voices of shareholders and the market by promoting measures to strengthen the independence of the board of directors, protect minority shareholders, and participate.
It also announced plans to strengthen shareholder-friendly and return policies by pushing for quarterly dividends to provide regular profits to shareholders to generate stable cash flows.As
Korea Zinc withdrew its paid-in increase plan, Korea Zinc closed at 981,000 won in the securities market, a 14% plunge from the previous trading day.
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