Crucial component: A Korea Zinc booth at a trade show in Goyang, South Korea. The company accounts for 12% of the world’s zinc produced outside China. — Bloomberg
Seoul: A spat between two wealthy South Korean families over the future of an US$11bil zinc empire has descended into a bitter battle for control that could hamper efforts to diversify the global supply of energy-transition metals.
The power struggle over Korea Zinc Co – founded by two friends who fled North Korea, and still held by the Choi and the Chang families – has captured headlines.
