Court orders Young Poong, MBK to disclose Korea Zinc documents as part of unfair transaction probe

(Korea JoongAng Daily, Jan. 2, 2026)

Korea Zinc headquarters in central Seoul. [NEWS1]

A Seoul court has ordered Young Poong and MBK Partners to disclose contractual documents they executed during their attempt to acquire management control of Korea Zinc, a step aimed at verifying whether the two parties engaged in an unfair transaction involving the discounted sale of Korea Zinc shares.

The Seoul Central District Court recently granted a document submission request filed by KZ Precision, a subsidiary of Korea Zinc, against Young Poong. The ruling requires advisory figures, including Young Poong’s former CEO Jang Hyung-jin, to submit the original shareholder agreement with MBK and subsequent amendments.

The key to the ruling is whether the agreement facilitated Young Poong’s guarantee that MBK Partners could acquire a portion of Korea Zinc shares at a specific, preferential price.

MBK Partners in September entered into a shareholders’ agreement with Young Poong aides, agreeing to jointly exercise voting rights. As part of the deal, it was granted call options on certain shares owned by Young Poong and its affiliates.

※ Please refer to the article: Court orders Young Poong, MBK to disclose Korea Zinc documents as part of unfair transaction probe – Korea JoongAng Daily