Korea Zinc Seeks Response To 'Blocking Paid-In Capital Increase'

As the financial authorities put the brakes on the 2.5 trillion won paid-in capital increase promoted by Korea Zinc, the board of directors of Korea Zinc decided to find a countermeasure through deliberation.

Korea Zinc announced today (8th) that it held a regular board meeting at Grand Seoul headquarters in Jongno-gu, Seoul, and discussed agenda items such as the Financial Supervisory Service's demand for correction of the capital increase.

The board of directors decided to set up a separate meeting with seven outside directors, including Chairman Choi Yoon-beom, to review the concerns of shareholders, markets, and authorities in the process of promoting the capital increase.

Earlier on the 6th, the Financial Supervisory Service demanded the submission of a correction report, saying that the securities report related to the capital increase submitted by Korea Zinc on the 30th of last month is a case that could cause a serious misunderstanding for investors.