On May 23, Young Poong announced that the outside directors of its newly formed board of directors visited the Seokpo Smelter in Bonghwa-gun, North Gyeongsang Province, to inspect major production sites and environmental facilities.
This visit marked the first official on-site activity of the 74th board of directors, which was launched after the regular shareholders' meeting in March 2025. The outside directors reviewed the main smelting processes for producing non-ferrous metals such as zinc and toured eco-friendly facilities, including the zero-discharge system. They also received reports on the company's environmental investments and safety improvement plans, and urged the smelter to continue its efforts to improve environmental and safety standards.
Young Poong was the first smelter in the world to introduce a zero-discharge system in 2021. Since then, the company has established an environmental and safety improvement plan worth up to 800 billion KRW and has continued to invest around 100 billion KRW annually in environmental initiatives. Jeon Youngjun, one of the outside directors who attended the visit, was appointed at the proposal of Must Asset Management, an ordinary shareholder. This marks the first time that a board member proposed by an ordinary shareholder has joined Young Poong's board of directors. The company regarded this as a symbolic example of improving corporate governance and strengthening communication with shareholders.
At this year's shareholders' meeting, Young Poong pursued shareholder return policies such as a stock split, dividends, and the cancellation of treasury shares, aiming to enhance shareholder value. A Young Poong representative stated, "The outside directors' on-site activities will serve as an opportunity to increase the board's accountability and transparency," adding, "We will strive for sustainable growth and the realization of shareholder value."
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