Young Poong Corporation (000670) Price & Analysis

Young Poong Corporation, established in 1949 and headquartered in Seoul, South Korea, operates as a prominent non-ferrous metal company. The company manufactures and supplies a diverse range of zinc products. This includes high-purity electric zinc bars, crucial for applications such as hot-dip galvanizing, die-casting alloys, electroplating, sacrificial anodes, photoengraving plates, and the production of zinc oxide and zinc plates. They also provide zinc jumbo bars specifically for hot-dip galvanizing, and combination zinc bars designed for both continuous and hot-dip galvanizing processes. Furthermore, Young Poong produces various zinc alloys, which are extensively utilized in sectors like automobiles, electrical devices, toys, leisure goods, home appliances, accessories, office equipment, communication equipment, zippers, industrial machinery and tools, builders' and domestic hardware, plastic and press molds, and gears. Beyond zinc, the corporation offers a variety of chemical and other metal products. This encompasses sulfuric acid, which finds critical application in inorganic chemicals, metal refining, and industries including steel, spinning and weaving, chemical and fertilizer production, fiber manufacturing, and paper. Copper sulfate is another key offering, used in agrichemicals, reagents, electroplating, and metallurgy. They also supply electrolytic copper cathodes for producing brass and bronze, plates, rods, and pipes, along with indium for ITO targets, soldering, and bonding. Additionally, Young Poong processes valuable by-products and precious metals. Their silver by-products include lead ingots, which are essential for storage battery pastes, red lead and litharge, solders, radiation shields, pigment colors, bearings, and type metals. Silver granules are also available, finding utility in photographic materials, sterling and electroplated wares, catalysts, and jewelry. The company's precious metal portfolio features gold, utilized in a wide array of products such as jewelry, dental and medical supplies, electroplated items, medals and badges, gold wires, fountain pens, and watches. Silver is likewise a significant offering, with applications spanning solar cells, photographic materials, sterling wares, electrical contacts and conductors, electroplated goods, dental and medical supplies, catalysts, commemorative objects, jewelry, mirrors, and coins.