Back to today’s briefing

Story perspectives

Seoul Court Ruling Boosts MBK Partners' Control Over Korea Zinc

1/23/2025

46 7

Summary

Story summary

In a pivotal ruling on January 21, a Seoul court barred Korea Zinc from employing cumulative voting for director appointments at its upcoming shareholders meeting. This decision significantly empowers the MBK Partners-Young Poong alliance, which holds 41% of the company, boosting their prospects of securing more director positions in a fierce struggle for control against the current management.

1 of 1

Story summary

In a pivotal ruling on January 21, a Seoul court barred Korea Zinc from employing cumulative voting for director appointments at its upcoming shareholders meeting. This decision significantly empowers the MBK Partners-Young Poong alliance, which holds 41% of the company, boosting their prospects of securing more director positions in a fierce struggle for control against the current management.