3 H2O + 6 KOH + 3 Zn + KClO3 → KCl + 3 K2[Zn(OH)4]
This is a complexation reaction: K2[Zn(OH)4] is the formed complex.
This is an oxidation-reduction (redox) reaction:
3 Zn0 - 6 e- → 3 ZnII (oxidation)
ClV + 6 e- → Cl-I (reduction)
Zn is a reducing agent, KClO3 is an oxidizing agent.