Ulju-gun Labor-Management-Government Council Adopts Resolution to 'Protect Local Companies'

Concerns Over Goryeo Zinc Incident Expanding Beyond Corporate Conflict to Community Issues... Commitment to Labor-Management-Government Cooperation

The Ulsan Ulju-gun Labor-Management-Civil-Government Council adopted a resolution to ‘Protect Local Companies’ in order to safeguard Korea Zinc, which is currently undergoing a management rights dispute.

The Ulsan Ulju-gun Labor-Management-Civil-Government Council is composed of representatives from labor (workers), management (employers), local residents, and the Ulju-gun Office.

The council finalized the resolution after discussing the additional agenda item of ‘Protecting Local Companies,’ a pressing regional issue, at the ‘2024 5th Labor-Management-Civil-Government Council Meeting.’

Through the resolution, the council stated, “Korea Zinc is a pivotal company in South Korea’s non-ferrous metal industry, having developed the world’s top non-ferrous metal smelting technology from a resource-poor country,” and explained, “It has played a significant role in the industrial development of Ulsan, including Ulju-gun, and has served as a foundation for national growth as a key national infrastructure industry.”

It continued, “Korea Zinc plans to invest 1.9384 trillion KRW in the Ulsan Opportunity Development Special Zone and hire over 700 new employees. Additionally, it intends to invest an extra 11.9 trillion KRW in renewable energy and other sectors by 2033, creating a remarkable opportunity for the economic development of the Ulsan region.”

The council also expressed concern, stating, “The acquisition attempt by the private equity fund MBK Partners is expanding beyond a mere corporate conflict to a broader issue affecting the entire local community, including job losses for Ulju-gun residents and hindrance to regional economic development.”

Furthermore, “All members of the Ulsan Ulju-gun Labor-Management-Civil-Government Council pledge to do their utmost to protect local companies that have grown together with the region through economic protection, job creation, and social contribution.”

Lee Soon-geol, the chairman of the Ulsan Ulju-gun Labor-Management-Civil-Government Council and the governor of Ulju-gun, stated, “Korea Zinc, a local company established in 1974, has played a major role in the development and social contribution of Ulju-gun,” and added, “Labor, management, civil, and government will unite as one to take the lead in protecting local companies.”

Ulju County Office.

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