*This content was translated by AI.
Youngpoong Co., Ltd. (CEO Kim Ki-ho) announced on the 31st that it has achieved 600,000 tons of cumulative zinc mass transactions as a result of more than 40 years of cooperation with KG Steel (CEO Kim Sung-il).
Youngpoong held a "celebration ceremony to achieve 600,000 tons of cumulative transactions" with KG Steel at its headquarters in Nonhyeon-dong, Gangnam-gu, Seoul on the 30th to commemorate the long-standing partnership between the two companies.
The event was attended by key officials from both companies, including Kim Hyun-beom, head of KG Steel's management support office, and Kim Ki-ho, CEO of Youngpoong. They shared the meaning of cooperation that has been going on for more than 40 years and strengthened their will to cooperate for continuous win-win and shared growth.
Based on the cooperation that has continued since 1987, the two companies have established a core value chain from zinc smelting to steel plate production in Korea's industry.
Youngpoong has supplied basic materials to all major domestic industries by continuing stable supply chain cooperation through a structure in which it supplies zinc lumps, which are basic materials, and KG Steel produces various steel plate products based on them.
KG Steel is a steel material company established in 1982 and produces a variety of products such as galvanized steel sheets, cold rolled, collar, and quartz steel sheets. In particular, galvanized steel sheets are highly evaluated by customers for their stable performance in various environments due to their excellent durability, heat resistance, and processability.
Youngpoong is a company that established Korea's first modern zinc smelter, Seokpo Smelting, in 1970, setting the starting point for the domestic zinc smelting industry, and has accumulated long-standing technology and competitiveness in the non-ferrous metal field. Since 1987, it has stably supplied high-quality zinc lumps with 99.995 percent purity to KG Steel and has been cooperating for more than 40 years.
Such cooperation between the two companies supports the competitiveness of major industries such as automobiles, shipbuilding, electronics, machinery, and construction and is evaluated as the basis for leading Korea's industrial development.
Kim Hyun-beom, head of KG Steel's management support office, said, "Our long-standing cooperation with Youngpoong has been the basis for securing stable raw materials and product quality competitiveness. We will continue to provide higher quality products to customers through close cooperation."
"The achievement of the 600,000-ton deal with KG Steel is the result of the trust and cooperation the two companies have built over 40 years," said Kim Ki-ho, CEO of Youngpoong. "We will continue to grow together based on stable supply of raw materials and close cooperation."
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*This content was translated by AI.
