Korea Zinc has decided to terminate its joint purchase and sales contract with Youngpoong

Reporter Kim Jisun / approved : 2024-04-11 03:22:31
  • -
  • +
  • 인쇄

 

[Alpha Biz= Reporter Kim Jisun] Korea Zinc has decided to end the "joint purchase and joint operation of raw materials" that it has been doing with Youngpoong.

Korea Zinc released a statement on the 9th and stated, "Korea Zinc and Youngpoong have signed a joint contract in the process of purchasing raw materials and selling products for major items such as zinc, but we plan to terminate this upon the expiration of the contract."

As a result, Korea Zinc plans to carry out its business through individual negotiations with each client regarding the purchase of raw materials and product sales in the future.

Korea Zinc explained that it will carry out the measures to improve its performance and reduce costs.

In particular, Korea Zinc cited △ an increase in various incidental costs due to joint purchase of raw materials at high prices at a time when it is difficult to secure supply of raw materials for both companies, △ differentiated sales and sales strategies depending on products △ persistent complaints from customers due to differences in quality resulting from joint operations and sales, and the risk of damages in the event of disruptions due to a decrease in supply due to three-way joint contracts with clients and Youngpoong.

 

 

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

어플

주요기사

Kolmar Korea Certified as Year’s First ‘Reshoring’ Company; To Invest 100 Billion KRW in Smart Factory Expansion2026.02.06
Court Dismisses Additional Lawsuits by Shareholders Over "Invossa" Controversy, Ruling in Favor of Kolon2026.02.06
Nvidia Delays China H200 Chip Exports Amid Ongoing Talks With U.S. Government2026.02.06
Naver Issues Formal Apology Over Exposure of Celebrities’ and Politicians’ Past "Ji-sik-iN" Posts2026.02.06
CJ Logistics Designated as Unfaithful Disclosure Corporation Over Delayed Notice of $2.7B Libyan Counterclaim2026.02.06
뉴스댓글 >

건강이 보이는 대표 K Medical 뉴스

HEADLINE

PHOTO

많이 본 기사