Kemco Co., Ltd. announced that it has received KRW 10 billion in funding from Young Poong Corporation, Korea Zinc Co., Ltd.

Youngpoong Corp is a Korea-based company principally engaged in the production and sale of electronic components. The Company operates its business through five segments. The Smelting segment is involved of the manufacturing and sale of zinc and sulfuric acid for fertilizers and agrochemicals. In addition, this segment is engaged in real estate leasing. The Electronic Component segment is involved of the manufacture and sale of electronic products such as flexible printed circuit boards (FPCBs). The Semiconductor segment is involved of the manufacture and sale of memory, telecommunications equipment and personal computers (PCs). The Commodity intermediary segment offers electronic equipment. The Other segment is engaged in the management of lease.