Korea Zinc Co.’s chairman, Yun B. Choi, is taking steps to regain shareholder trust after the cancellation of a $1.8 billion share sale, which he admitted was his "one real mistake" during an ongoing proxy battle with the company"s largest shareholder.

The decision to cancel the share sale has been a significant setback for the company. In response, Choi plans to step down as chairman of the board and is actively engaging with investors to address their concerns. To strengthen governance, Korea Zinc is improving its board structure, including the appointment of a foreign director and a new independent chairman. These actions aim to restore confidence among shareholders and stabilize the company"s leadership in the face of challenges.