Yungpo Signs 'Environmental Business Agreement' with EcoBit, Korea's Top Environmental Company

*This content was translated by AI.

Yungpo's Seokpo Smelter is accelerating its transformation into an eco-friendly smelter and speeding up the rapid and safe disposal of smelting residues through a partnership with EcoBit, Korea's leading comprehensive environmental company.

(Jung)Yungpo announced on the 4th that it signed a 'Memorandum of Understanding (MOU) for Realizing an Eco-Friendly Smelter' with (Jung)EcoBit. The signing ceremony was attended by key executives and staff from both companies, including Kim Ki-ho, CEO of Yungpo, and Im Byong-yong, Vice Chairman (Representative Executive Director) of EcoBit.

This agreement was concluded to entrust the disposal of smelting residues and general/designated waste from Seokpo Smelter to EcoBit, a specialized company possessing top-tier environmental technology in Korea, for more rapid and stable processing.

Through this MOU, both companies agreed to jointly promote: ▲cooperation on proper and safe entrusted disposal of smelting residues and workplace waste; ▲sharing of empirical and technical information and establishment of a cooperative system for environmental improvements within the smelter; and ▲enhancement of cost efficiency and assurance of safety.

EcoBit, Korea's leading comprehensive environmental company, holds the No. 1 market share in the landfill sector through the operation and development of eight landfill facilities nationwide and possesses unparalleled technical expertise and infrastructure across all environmental fields, including incineration, water treatment, soil remediation, and resource recovery.

Yungpo expects to secure efficiency, safety, and transparency in its smelting residue disposal process by collaborating with a company possessing top-tier environmental professional infrastructure. Furthermore, based on specialized technical collaboration, Yungpo plans to build an active and proactive environmental management system to accelerate the transformation of Seokpo Smelter into a 'sustainable eco-friendly smelter.'

Kim Ki-ho, CEO of Yungpo, stated, "The strategic partnership with EcoBit, Korea's No. 1 environmental company, will be a crucial turning point in advancing the speed of smelting residue disposal at Seokpo Smelter." He added, "Moving forward, we will continue to implement our environmental vision for a safe and eco-friendly Seokpo Smelter."

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*This content was translated by AI.