Korea Zinc stock: Treasury Shares Set for January Cancellation

Published on 11/06/2026 at 02:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Korea Zinc stock is set for a shareholder-return reset after the board revived its stock-split plan. Profitability weakened despite strong revenue growth.

Shareholder Returns Meet Profit Pressure

Korea Zinc plans to cancel 246,665 treasury shares in January and revive its stock-split proposal.
Third-quarter revenue rose 46.3 percent, while operating profit fell 48.2 percent year over year.
Project Crucible investment costs weighed on profitability as the company expands its critical-minerals portfolio.

Korea Zinc, KR7010130003, Illustration mit AI erstellt.

Korea Zinc’s board approved the cancellation of 246,665 treasury shares in January and revived plans for a stock split, according to Seoul Economic Daily. The decision was made on Wednesday, November 4, 2026, as the metals producer combined shareholder-return measures with a sharp decline in quarterly operating profit.

Share Cancellation and Split Plan

Korea Zinc intends to cancel 51.4 percent of its 479,737 treasury shares in January. The remaining 233,072 shares are planned for employee compensation and other uses over the next decade.

The stock-split proposal is scheduled to go before the annual shareholders’ meeting in March. The split ratio and record date still require approval at a board meeting before that meeting, so the proposal does not yet establish the final terms for investors.

Revenue Growth Masks Margin Pressure

Consolidated third-quarter revenue reached 6.0861 trillion Korean won, up 46.3 percent from a year earlier. Operating profit fell 48.2 percent to 141.7 billion Korean won, although Korea Zinc extended its operating-profit streak to 107 consecutive quarters.

Seoul Economic Daily attributed pressure on earnings to initial investment costs for Project Crucible, a critical-minerals smelter planned in Tennessee with an estimated cost of about 7.4 billion US dollars. Korea Zinc said it plans to broaden its product portfolio with germanium and other materials, adding a longer-term diversification angle to the shareholder-return measures.

Business Profile and Competitive Position

Korea Zinc is headquartered in Seoul, South Korea, and operates the Onsan Refinery in Ulsan. Its business centers on metals processing, while Project Crucible is intended to expand its critical-minerals production footprint in the United States. The company is also preparing a germanium business as part of its broader materials portfolio.