Youngpoong and MBK Finalize Selection of Former APG Governance Head Park Yu-kyung as Independent Auditor Candidate for Korea Zinc

*This content was translated by AI.

Youngpoong announced on the 29th that Park Yu-kyung, former Head of Asia-Pacific Responsible Investment and Governance and Head of Emerging Markets Investment Division at APG Asset Management (hereinafter referred to as APG), a global governance expert, has been finally selected as a candidate for an outside director to serve as a separately elected auditor of Korea Zinc through a public recommendation process led by shareholders, marking the first such case in Korea's capital market.

The candidate, Park, served at APG, which manages assets for one of the world's largest pension funds, the Dutch pension fund, for approximately 17 years, overseeing Asia-Pacific responsible investment and corporate governance. She also managed emerging market equity investment strategies, carrying out activities to enhance corporate valuation and protect shareholder rights from the long-term perspective of global institutional investors, as well as improving ESG and corporate governance.

In particular, she has consistently contributed to the improvement of Korean corporate governance and the advancement of the capital market by conducting various shareholder engagement activities targeting major listed companies in Korea and abroad, including strengthening board independence, protecting shareholder rights, and promoting sustainable management.

Currently, she serves as a member of the board of directors and chair of the audit committee at the Tara Climate Foundation. She has also served as a member of the National Pension Service ESG Committee, a member of the committee for establishing the Korean Stewardship Code, and an advisory committee member of the General Shareholders Committee under the Hong Kong Securities and Futures Commission (SFC). Additionally, until last year, she served as the chair of the Korean Working Group of the Asian Corporate Governance Association (ACGA) for about 10 years, possessing extensive expertise and a broad network in the field of corporate governance both domestically and internationally.

Youngpoong explained, "This public recommendation was established to identify an auditor candidate independent from the interests of specific shareholders or management and to strengthen the independence and check-and-balance function of the audit committee." They added, "The candidate recommendation involved Korea Zinc shareholders, as well as institutional investors related to corporate governance, academia, NGOs, and professional organizations. More than 10 candidates with expertise and experience in various fields such as corporate management, accounting and finance, law and compliance, ESG, industry and technology, and risk management were recommended."

A representative of the Independent Candidate Screening Committee stated, "The independence of the audit committee begins with an independent appointment process." They continued, "Through the objective and fair review of an independent external screening committee, Park Yu-kyung, a candidate with global corporate governance expertise, independence, and rich practical experience, was finally selected. We expect that Candidate Park will greatly contribute to strengthening the independence and check-and-balance function of the Korea Zinc audit committee and enhancing the company's long-term corporate valuation."

Candidate Park is scheduled to be recommended as an outside director candidate to serve as a separately elected auditor at the extraordinary general meeting of shareholders of Korea Zinc, following procedures in accordance with relevant laws and regulations, through a shareholder proposal from Youngpoong and MBK Partners.

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*This content was translated by AI.