Jaysco Holdings Appoints Kim Taek-hwan, Former Deputy Head of Lee Jae-myung's Campaign, as Outside Director

Jaysco Holdings is strengthening its efforts to pursue future growth businesses, including the development of Wonkwang, by recruiting a key figure from the presidential campaign team of Lee Jae-myung, the Democratic Party candidate.

On May 16, Jaysco Holdings announced that it will hold an extraordinary general meeting of shareholders on July 1 and appoint Kim Taek-hwan, Deputy Head of the Special Advisory Group of the "Real Korea Election Countermeasures Committee," as a new outside director.

Kim Taek-hwan, who has been nominated as a candidate for outside director, has built an extensive career in politics, having served as Vice Chairman of the Democratic Party's Strategic Planning Committee, Evaluation Advisory Member of the Presidential Committee for Balanced National Development, and Advisory Member of the National Unification Advisory Council. In addition, he has secured a broad public institution network through roles such as outside director and audit committee member at Korea National Oil Corporation.

During the 20th presidential election, he served as the Head of Operations for the Special Advisory Group directly under candidate Lee Jae-myung, and in the current election, he was appointed as Deputy Head of the Special Advisory Group for Lee Jae-myung. The Special Advisory Group is known for concretizing the candidate's policy direction and strengthening communication during the election period.

The company expects that, with Kim Taek-hwan joining as a new director, his extensive experience in industry and policy, as well as his domestic and international networks, will provide stable support for Jaysco Holdings in driving new business sectors.

Since February, Jaysco Holdings has completed all preparatory work, including commencing nickel ore mining and finishing the construction of a barge docking port capable of transporting up to 42,000 tons of nickel ore per day. Based on this, the company is focusing on securing supply channels both domestically and overseas. It is currently in discussions for a main contract with its first targeted supplier, China's Baoli Group.

A company official stated, "With all preparations for the full-scale supply and distribution of nickel ore now complete, the first shipment is expected to take place soon," adding, "We anticipate that the addition of Kim Taek-hwan as a new director will accelerate the achievements of our nickel ore business this year."