Seorin Sangsa Changes Name to 'KZ Trading'... "Strengthening Korea Zinc Identity"

"Enhancing Global Competitiveness"

Seorin Corporation, which has been responsible for the overseas distribution and sales of non-ferrous metals for Korea Zinc and Young Poong, is changing its company name to 'KZ Trading.' KZ is an abbreviation of Korea Zinc's English name.

On the 9th, Seorin Corporation held an extraordinary general meeting of shareholders at its headquarters in Jongno-gu, Seoul, and announced that the proposal to change the company name and the appointment of President Kim Jae-sun, who was appointed in June, as an additional inside director and co-CEO had been approved.

President Kim led the company's growth as CEO of KZ Trading from 2012 to 2020. Through this personnel appointment, the goal is to enhance the management efficiency and expertise of KZ Trading.

This is the first name change for Seorin Corporation in 30 years. Korea Zinc stated, "We expect to strengthen the company's identity while expanding synergy among affiliates to enhance global competitiveness."

KZ Trading was established by Honorary Chairman Choi Chang-geol to strengthen Korea Zinc's competitiveness in overseas exports of non-ferrous metals. It was launched in 1984 in Seorin-dong as 'Seorin Metals,' and then changed its name to 'Seorin Corporation' in 1994 as it expanded its export operations. It has been responsible for the export, sales, and logistics of various non-ferrous metals produced by Korea Zinc's Onsan Smelter, Australian subsidiary Sun Metal, and Young Poong's Seokpo Smelter.

Earlier, on June 20, KZ Trading held an extraordinary general meeting where four inside directors from Korea Zinc were additionally appointed, and Honorary Chairman Choi Chang-geun was reappointed as chairman of the board. Seorin Corporation CEO Jang Se-hwan resigned the day before the extraordinary general meeting. Former CEO Jang is the second son of Jang Hyung-jin, an advisor to Young Poong Group and a rival in the management rights dispute.

At that time, Korea Zinc filled 90% of the nine-member board with its personnel, thereby gaining management rights over Seorin Corporation. Recently, the company office was moved from the Young Poong Building to Korea Zinc's new headquarters. Although Korea Zinc holds 66.7% of KZ Trading's shares and Young Poong holds 33.3%, CEO Jang Se-hwan has been managing Seorin Corporation since 2014.