Market Chatter: Korea Zinc Faces Hinderance to Secure National Core Technology Status

MT Newswires Live

Mar 18

Korea Zinc (KRX:010130) is facing hurdles to register its rare metal manufacturing process as a National Core Technology (NCT) due to objections from its major shareholder YoungPoong, Pulse News reported Monday.

YoungPoong claims its opposition is purely technical, amid an ongoing takeover dispute with Korea Zinc. A specialized committee under the Ministry of Trade, Industry and Energy is expected to decide by late March, with the final verdict lying with the ministry, the report said.

Shares of Korea Zinc fell over 1% at market close on Tuesday.

(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.)

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A specialized committee under the Ministry of Trade, Industry and Energy is expected to decide by late March, with the final verdict lying with the ministry, the report said.</p><p>Shares of Korea Zinc fell over 1% at market close on Tuesday.</p><p>(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. 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