Korea Technology Adds Business Purpose Related to 'New Growth Engine Development Project'

[Asia Economy Reporter Jang Hyowon] Korea Technology, a KOSDAQ-listed company, announced on the 13th that it held an extraordinary general meeting of shareholders at the Korea Technology auditorium in Jung-gu, Seoul, and resolved agenda items including the addition of new business purposes and the reorganization of non-core businesses.

On this day, Korea Technology added the following to its business purposes: ▲mine development and mining ▲secondary battery material inventory and sales ▲research and development of fine grinding technology ▲low-level radioactive waste carbonization system business.

Non-core businesses such as ▲development, manufacturing, and distribution of automobile-related parts and products ▲sales, leasing, and repair of mobile communication terminals ▲manufacturing and distribution of hygiene, antibacterial, and quarantine products were deleted from the business purposes.

A company official stated, "The extraordinary general meeting for a new leap year has been concluded," adding, "It will be a signal for securing financial soundness and simultaneously entering new and emerging development businesses."

Meanwhile, Korea Technology announced its full-scale entry into the ‘new and emerging development business’ by signing a business contract with Indong Advanced Materials at the Korea Technology headquarters' main conference room on the 5th.

This content was produced with the assistance of AI translation services.