Korea Zinc Secures Management Control of Sorin After Conflict with Young Poong

Reporter Kim Jisun / approved : 2024-06-21 03:21:47
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Yoonbeom Choi, Chairman of Korea Zinc. (Korea Zinc)

[Alpha Biz= Reporter Kim Jisun] Korea Zinc secured management control of Sorin Corp after a conflict with Youngpoong. Sorin Corp CEO Jang Se-hwan, the third-generation owner of Youngpoong, will step down, while Korea Zinc's in-house director will take over as CEO.


Sorin Corp held an extraordinary shareholders' meeting on the 20th and announced that it has appointed four new people, including Baek Soon-heum, vice president of Korea Zinc, Choi Min-seok, president of Steel Cycle, Kim Young-kyu, managing director of Korea Zinc, and Lee Soo-hwan, director of Korea Zinc, as internal directors. In addition, Choi Chang-geun, honorary chairman of Korea Zinc, whose term expired on the same day, was re-elected as an in-house director.

At the board meeting held following the extraordinary shareholders' meeting, Lee Seung-ho, vice president of Korea Zinc, who currently heads Sorin Corp as a financial expert, was re-elected as CEO. Baek Soon-heum, vice president of Korea Zinc, was also named CEO. In addition, Kim Jae-sun, former CEO of Sorin Corp, was appointed president of the division with a mission to strengthen sales activities.

 

 

Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)

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