[Featured Stock] Korea Zinc Share Price Plummets... Reenters 600,000 Won Range

The stock price of Korea Zinc, which is currently embroiled in a management rights dispute, has turned bearish.

As of 1:37 PM on the 24th, Korea Zinc was trading at 693,000 KRW on the KOSPI market, down 30,000 KRW (4.15%) from the previous trading day.

Korea Zinc executives and employees held a press conference that morning, strongly opposing the management rights acquisition attempts by Youngpoong Co., Ltd. and the private equity firm MBK Partners, calling it a "predatory act" and stating that it is "absolutely unacceptable."

Meanwhile, MBK Partners (hereafter MBK), which is conducting a public tender offer for Korea Zinc shares together with Youngpoong, issued a statement on the same day titled "A Letter to Korea Zinc Employees, Labor Unions, Clients, Partners, Shareholders, Local Communities, and All Members of the Republic of Korea," assuring that there will be no restructuring or overseas sale. Additionally, in supplementary materials, MBK argued that Chairman Choi should respond to issues such as the decline in Korea Zinc's operating profit margin, the investment process in the One Asia Partners funds, the absence of mention of the trading segment in the acquisition of Ignio, the cancellation of treasury stock, the relationship with C.S. Design Group, and concerns over deteriorating transaction conditions with partner companies referred to in the media as "white knights."

This content was produced with the assistance of AI translation services.