Market Chatter: Korea Zinc to Pick Up 60% Stake in Robotics Firm ROBOne for KRW15 Billion

MT Newswires Live

2024-09-11

Market Chatter: Korea Zinc to Pick Up 60% Stake in Robotics Firm ROBOne for KRW15 Billion

South Korea-based zinc smelter Korea Zinc (KRX:010130) plans to acquire a 60% stake in robotics firm ROBOne for 15 billion won to boost its resource recycling business, Pulse News reported Tuesday.

The investment will support ROBOne's research and development and facility upgrades as it specializes in robotic and automation systems, the report said.

Shares of Korea Zinc rose more than 2% at market close on Wednesday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price (KRW): â©548000.00, Change: â©+13000, Percent Change: +2.43%

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