The London Metal Exchange (LME) has today approved Sorin Corporation for category 5 associate trade membership. Sorin, which is engaged in the wholesale importing and exporting of non-ferrous metals, is the first Korean member in the LME’s history.
“We welcome Sorin to the LME and look forward to expanding our user base in Korea and in the Asia region,” said Garry Jones, chief executive of the LME.
Headquartered in Seoul, Korea, Sorin acts as an exclusive metal export agency of its affiliate entities Young Poong Corporation and Korea Zinc Co. Ltd – both of which are listed on the Korea Exchange (KRX).
Jason Chang, Representative Director of Sorin, was also appointed to the LME Lead and Zinc committee in 2014, making him the LME’s first Korean committee member.
The LME is also planning an event in Korea in the second half of 2015 focused on educating Korean clients about the LME and the function and benefits of hedging to protect against price volatility.