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Company Overview
- Company Name: Korea Zinc Co., Ltd.
- Established: 1974
- Headquarters: Seoul, South Korea
- Main Business: Zinc, gold, and silver smelting; non-ferrous metal refining
- Global Market Share: #1 in zinc refining, #2 in silver production
- Major Export Regions: China, Japan, Southeast Asia, Europe
Recent Stock Performance
- Current Price: ₩474,000 (as of May 21, 2025)
- 52-Week High/Low: ₩660,000 / ₩448,000
- Market Cap: Approx. ₩9.2 trillion
- PER: Approx. 8.4x
- PBR: 0.76x
- Dividend Yield: Approx. 2.3%
Key Issues & Recent News
- Family Feud: A power struggle between founder's eldest son, Jang Se-joo (Koryo Steel), and younger son, Jang Se-wook (Vice Chairman of Korea Zinc).
- Governance Conflict: Jang Se-wook launched the “KZ 2.0” strategic vision, sparking opposition from the elder brother’s faction.
- Investor Concerns: The ongoing feud raises serious questions over long-term governance and stability.
- New Business Strategy: Expansion into aluminum and secondary battery materials—yet overshadowed by internal strife.
Financial Summary (2024)
- Revenue: Approx. ₩11.5 trillion
- Operating Profit: Approx. ₩1.2 trillion
- Net Profit: Approx. ₩960 billion
- Debt Ratio: 38%
- ROE: Approx. 9.2%
- Cash & Cash Equivalents: Approx. ₩1.5 trillion
Analysis & Insights
Korea Zinc is a global powerhouse in metal refining and one of Korea’s most undervalued hidden gems. However, the company is weighed down not by market forces, but by something more human—family conflict.
While the company boasts world-class efficiency and robust earnings, market trust is eroding due to deepening internal divisions. New strategic moves into green metals and lithium could redefine the company, yet investors hesitate, waiting for internal harmony to return.
Investment Risks
- Governance Risk: Ongoing family disputes may escalate, leading to management instability.
- Discounted Future Value: The market remains skeptical of the company’s long-term strategic execution.
- China Exposure: Heavy dependence on Chinese demand could backfire during economic slowdowns.
Blog Tags
#KoreaZinc #010130 #ZincRefining #FamilyFeud #HiddenGems #KoreanStocks #ESGRisk #BatteryMaterials #NonFerrousMetals #JangSewook #GovernanceCrisis
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