September 16, 2024

Silicon Valley Tech Source announces a strong statement of support for Korea Zinc and its management team including Chairman Yun B. Choi.

Silicon Valley Tech Source has been following closely the recent activity around the tender process for Korea Zinc’s (“KZ”) shares as well as comments surrounding KZ’s management structure and corporate governance.

KZ is one of Silicon Valley Tech Source’s most important customers and vice versa and we have worked together closely since 2016.

KZ is a market leader in industrial metals and is known globally in the market for its professionalism, product stewardship, corporate governance and developing long term relationships that have mutual benefit for all stakeholders.

We have been impressed by the evolution and growth of KZ, as we have grown ourselves and as a major supplier we have seen a very professional and well managed transition of the leadership team over the years with a strong focus on maintaining the core values and industry leadership that KZ is known for, while also developing a strong and coherent vision for how KZ will maintain its standing as an industry leader to service future markets of industrial and battery metals.

We are deeply troubled by recent publicly made comments critical of how KZ manages its business affairs and its corporate governance and these statements seem opportunistic and self serving by parties that are seemingly attempting to benefit by creating turmoil.

We strongly disagree with these assessments of KZ’s management and operations and question how global suppliers and stakeholders (who have a choice in which parties they deal with in the global markets) will approach future business dealings with KZ, if there is a hostile change to the business model and core values of KZ.

In our opinion, these kind of hostile changes will be detrimental to KZ’s future success which impacts all stakeholders. We strongly support the current management team of KZ and their innovative vision for the future of industrial and battery metals.