Fifty years ago, two families in South Korea teamed up to create a zinc powerhouse called Korea Zinc. The Choi family managed the new venture, while the Chang family led the parent company, Young Poong. This unique setup was called “two families under one roof. ” Both families agreed to respect each other's management. Over time, Korea Zinc became the world's largest zinc producer and a key player in South Korea's economy.
However, the harmony didn't last. Today, the descendants of the original founders are in a heated battle for control of Korea Zinc. The Chois and the Changs are now locked in a dispute that could shake up the zinc industry.
This fight highlights the complexities of family-run businesses and the challenges of maintaining control across generations. It's a reminder that even the most successful partnerships can face tough times.
