A spokesman at Younger Poong confirmed Park and Bae had been arrested, however mentioned the agency doesn’t count on any disruption to manufacturing.
Younger Poong, Korea’s No. 2 zinc producer, has been rattled by a collection of business accidents in recent times, together with a deadly arsenic poisoning and a employee getting heatstroke. It’s additionally concerned with authorized disputes with its decades-long companion Korea Zinc Co., in addition to the federal government over allegedly breaching environmental rules.
The corporate was hit with a plant suspension order in 2020 for violating the Water Setting Conservation Act, though that’s since been placed on maintain whereas it appeals the choice.
Younger Poong’s shares have plunged nearly 40% this 12 months, dropping 3.3% on Thursday after which partially rebounding to shut at 315,500 gained on Friday.
(By Heesu Lee)