Youngpoong and Korea Zinc were fined 20.4741 billion won and 8.4281 billion won, respectively, by financial authorities for violating accounting standards. In particular, industry attention is focused on the unusual scale of violations of accounting standards. The Financial Services Commission held its 13th meeting on the 15th and decided to impose fines on Youngpoong and Korea Zinc for preparing and publicizing financial statements in violation of accounting standards. A total fine of 1.5115 billion won was imposed on four people, including Youngpoong's former CEO, and a separate fine of 1.068 billion won was imposed on Daeju Accounting Corporation, which was in charge of Youngpoong's external audit. A total of KRW 763.2 million was also levied on two people, including the CEO of Korea Zinc. Prior to imposing the surcharge, Young Poong argued that the accounting treatment related to provisions was an ‘area of ​​estimation’ where various opinions could exist in the process of applying and interpreting the Korean International Financial Reporting Standards. However, the financial authorities found that Youngpoong did not recognize the cost of remediating contaminated soil around the Seokpo Refinery, forests, and the underside of factory buildings from 2021 to 2024 as a provision, or reflected it less than the actual amount.