Choi Yun-birm, chairman of Korea Zinc South Korea’s Financial Supervisory Service (FSS) has reported Korea Zinc Inc.'s Chairman Choi Yun-birm and its board of directors to prosecutors for a fast-track investigation concerning a planned 2.5-trillion-won ($1.7 billion) rights issue, which i
Kim Kwang-il, vice chairman of MBK Partners, interviews with The Korea Economic Daily The battle over Korea Zinc Inc.'s management control between Korea Zinc Chairman Choi Yun-birm and the Young Poong Corp.-MBK Partners alliance has been protracted for months, with the zinc and lead smelter&rsq
Korea Zinc Chairman Choi Yun-birm announces a share buyback plan at a press conference on Oct. 2 (Courtesy of Yonhap) The battle over Korea Zinc Inc.'s management control between Korea Zinc Chairman Choi Yun-birm and the Young Poong Corp.-MBK Partners alliance has now boiled down to a vote on t
MBK Partners office in Seoul A consortium of MBK Partners and Young Poong Corp. has raised its stake in Korea Zinc Inc. to 46.7% of voting shares, drawing the group closer to majority control of the world’s largest lead and zinc smelter, MBK said on Thursday.North Asia-focused buyout firm
Korea Zinc Chair Choi Yun-birm speaks to The Korea Economic Daily at the company’s headquarters in Seoul on Nov. 17, 2024 (Courtesy of Korea Zinc) Korea Zinc Inc. Chair Choi Yun-birm said on Sunday he has a strategy for defending management control of the world’s top zinc and lead s
Korea Zinc Chair Choi Yun-birm at a press conference on Nov. 13, 2024 to announce the cancellation of the rights issue (Courtesy of News1) Korea Zinc Inc., the world’s top lead and zinc smelter, on Wednesday withdrew its 2.5 trillion won ($1.8 billion) rights issue as the move to secure m
MBK Partners was established in 2005 A consortium led by North Asia-focused buyout firm MBK Partners edged closer to winning the battle for control of Korea Zinc Inc. against the smelting company’s top management after further widening its shareholding gap, which industry watchers sa
Korea Zinc's smelter in Ulsan, South Gyeongsang Province Korea Zinc Inc.'s face-off with an MBK Partners-led consortium over control of the world’s largest zinc smelter looks set to escalate into a lengthy proxy fight after the two sides failed to secure a majority in tender offers.In a r
Korea Zinc's smelter in South Korea Korea Zinc Inc. said on Wednesday it will buy back shares for 3.1 trillion won ($2.4 billion) with the backing of Bain Capital to counter MBK Partners’ attempt to take control of the world’s largest lead and zinc smelter.Its buyback price of 830,0
MBK Partners office in Seoul (File photo by Bum-June Kim) MBK Partners Ltd., the North Asia-focused private equity firm, is set to take over Korea Zinc Inc. through an up to 2 trillion won ($1.5 billion) hostile bid in partnership with its largest shareholder Young Poong Group, amid an intensif