Chairman of the Pension Service, "Korea Zinc Dispute, Judging by Long-Term Yield"

Kim Tae-hyun, chairman of the National Pension Service, recently said he will judge the exercise of voting rights related to the tender offer of Korea Zinc shares in terms of improving long-term returns.

Chairman Kim responded to a question from the Democratic Party of Korea, Jun Jin-sook, at the National Assembly Health and Welfare Committee's parliamentary audit today (18th) about whether the National Pension Service should comprehensively judge social values by raising an agenda to the Trustees' Responsibility Committee in connection with the dispute over management rights of Korea Zinc.

The National Pension Service holds a 7.8% stake in Korea Zinc, which voted against the appointment of Jang Hyung-jin, an advisor to Youngpoong, as a director at a general shareholders' meeting two years ago.

Regarding the financial investment income tax, Chairman Kim said, "We should consider whether we can give hope to the younger generation at a time when real estate prices are high and it is difficult to achieve wealth," and that the financial investment tax should comprehensively examine aspects that hinder long-term investment and discriminate between individuals and corporations.