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World's largest integrated zinc/lead smelter, also refining precious and rare metals as byproducts.
World's largest integrated zinc/lead smelter, also refining precious and rare metals as byproducts.
Earns a processing charge for turning mined concentrate into refined zinc and lead, plus extra income from gold, silver and rare metals recovered along the way. It runs smelters in Korea and, through Sun Metals, in Townsville, Australia. A fight over control between the founding families and a private-equity-backed bidder has marked 2024 and 2025.
In one line: A metals refiner scaled like a commodity giant, but for zinc rather than steel — the world.
Moat: narrow (scale, process know-how). World-leading smelting scale and byproduct-recovery technology, though it still sells into commodity metal markets.
Headquarters: Seoul, South Korea · Founded: 1974 · Employees: 2,054
Size Korea Zinc (010130.KS) is a South Korea Materials company (Other Metals/Minerals) with a market value of $14.4B, the 29th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩960,000 on 6 Nov 2026.
Performance Over six months the shares fell 39.0%, against -23.8% for the median peer and -24.5% for the South Korea market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 53.0% over the last twelve months (peer median +24.9%); the operating margin is 8.2% (peer median 16.0%).
Valuation It trades at 16.2× forward earnings against a peer median of 12.3× (6th most expensive of 21).
Capital Return on invested capital runs 6.6 points above its cost of capital (5.9% WACC).
Next results Next results expected around 8 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩23.3T | ₩16.6T | ₩12.1T | ₩9.70T | ₩11.2T |
| Revenue growth | — | +38% | +24% | -14% | — |
| Gross profit | n/a | ₩1.77T | ₩1.10T | ₩942B | ₩1.15T |
| EBITDA | n/a | ₩1.59T | ₩1.06T | ₩973B | ₩1.22T |
| Net income | ₩1.14T | ₩775B | ₩301B | ₩432B | ₩602B |
| Free cash flow | n/a | -₩1.52T | -₩598B | ₩402B | ₩412B |
| Capital expenditure | n/a | ₩943B | ₩1.13T | ₩439B | ₩379B |
| Total debt | n/a | ₩5.96T | ₩4.97T | ₩926B | ₩1.05T |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Korea Zinc 010130.KS | $14.4B | -39% | +53% | 8% | 16.2× | n/a |
| Glencore GLEN.L | $78.0B | -14% | +27% | 2% | 10.9× | n/a |
| Hindustan Zinc HINDZINC.NS | $25.4B | -11% | +57% | 51% | 11.8× | 1.4% |
| Boliden BOL.ST | $14.6B | -4% | +23% | 16% | 11.3× | 0.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 010130.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.7% | -15.3% | 7th highest of 21 |
| 6-month return | -39.0% | -23.8% | 3rd lowest of 21 |
| Distance from 52-week high | -56.0% | -42.3% | 5th lowest of 21 |
| Revenue growth (TTM) | +53.0% | +24.9% | 4th highest of 21 |
| Operating margin | 8.2% | 16.0% | 3rd lowest of 21 |
| Forward P/E | 16.2× | 12.3× | 6th most expensive of 21 |
| ROIC minus cost of capital | +6.6 pp | +2.0 pp | 5th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Korea Zinc 010130.KS | South Korea | $14.4B | -39% | +53% | 8% | 16.2× | n/a | n/a |
| Jiangxi Copper 0358.HK | Hong Kong | $14.3B | -36% | +22% | 4% | 4.7× | n/a | n/a |
| Boliden BOL.ST | Sweden | $14.6B | -4% | +23% | 16% | 11.3× | 0.6% | +10.7% |
| JX Advanced Metals 5016.T | Japan | $14.6B | -49% | +30% | 11% | 12.7× | 22.2% | -18.6% |
| KGHM Polska Miedz KGH.WA | Poland | $14.1B | -27% | +27% | 20% | 6.4× | 1.6% | +9.2% |
| Carpenter Technology CRS | United States | $13.8B | -35% | +10% | 23% | 20.0× | 17.4% | +16.2% |
| South32 S32.AX | Australia | $13.7B | -1% | -4% | 15% | 12.7× | 6.3% | +3.2% |
| China Tungsten & Hightech Materials 000657.SZ | China | $13.2B | -34% | +66% | 16% | 21.0× | n/a | n/a |
| Sumitomo Metal Mining 5713.T | Japan | $13.2B | -19% | +22% | 14% | 8.1× | 8.5% | +13.5% |
| China National Uranium 001280.SZ | China | $17.9B | -29% | +15% | 14% | 47.7× | n/a | n/a |
| Lundin Mining LUN.TO | Canada | $18.1B | -18% | +29% | 36% | 14.1× | 15.2% | +13.9% |
| MMG 1208.HK | Hong Kong | $11.2B | -27% | +48% | 43% | 6.3× | -11.3% | +15.6% |
| First Quantum Minerals FM.TO | Canada | $19.5B | -1% | +28% | 23% | 15.2× | n/a | n/a |
| Western Mining 601168.SS | China | $9.85B | -7% | +18% | 17% | 8.2× | -5.6% | +16.5% |
| Tongling Nonferrous Metals 000630.SZ | China | $9.83B | -20% | +46% | 6% | 10.5× | n/a | n/a |
| Hudbay Minerals HBM.TO | Canada | $9.35B | -10% | +13% | 32% | 12.0× | 18.1% | +15.8% |
| Zhejiang Huayou Cobalt 603799.SS | China | $9.30B | -50% | +38% | 12% | 9.3× | n/a | n/a |
| Hindalco Industries HINDALCO.NS | India | $22.7B | -9% | +20% | 11% | 8.6× | n/a | n/a |
| ATI ATI | United States | $23.9B | +11% | +9% | 18% | 28.0× | 20.6% | +9.0% |
| Lynas Rare Earths LYC.AX | Australia | $8.58B | -38% | +76% | 25% | 26.7× | 34.3% | +14.9% |
| Xiamen Tungsten 600549.SS | China | $8.55B | -37% | +67% | 10% | 13.2× | n/a | n/a |