"I will give up the post of the chairman of the board of directors at the earliest date and have an outside director take the post," Yun B. Choi, the chairman of the board, told a news conference. Choi also holds the position of company chairman ...

Korea Zinc said on Wednesday it has decided to withdraw its plan to issue new shares worth $1.8 billion after the proposal sparked an investigation by the financial watchdog and a sell-off in the company's stock.

Korea Zinc Co.’s board will meet on Wednesday to decide whether or not to proceed with a $1.8 billion share sale plan which prompted a selloff in the stock and triggered an investigation by the country’s financial watchdog.

Korea Zinc withdrew its plan for a large-scale capital increase through the issuance of new shares on Wednesday. This came a week after the Financial Supervisory Service (FSS) suspended the plan, citing concerns that it could cause significant misunderstanding among investors.

Korea Zinc Co., the world's largest refined zinc smelter, on Tuesday hinted at the possible withdrawal of its disputed share sale plan currently under investigation by the financial regulator. The company will hold an emergency board of directors meeting on Wednesday to decide whether to withdraw