[Featured Stock] Korea Zinc Rises on Possibility of Rights Offering Withdrawal

The stock price of Korea Zinc is on the rise. It is interpreted that buying demand surged as the possibility of withdrawing the rights offering has emerged.

At 10:31 a.m. on the 13th, Korea Zinc was trading at 1,164,000 won, up 1.93% from the previous trading day.

Choi Yoon-beom, chairman of Korea Zinc, is scheduled to hold a board meeting in the morning and a press conference in the afternoon to announce his position on the recent decision regarding the public rights offering. Given the significant concerns from the market and financial authorities about the rights offering, it is widely reported that the decision to proceed with the rights offering is likely to be withdrawn.

Korea Zinc stated during a conference call the previous day, "In the urgent decision to proceed with the public rights offering, we failed to fully anticipate changes in market conditions, which increased concerns."

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