Korea Zinc

Korea Zinc Campaign Page

This campaign page provides key information to help you make informed decisions at upcoming AGM.

Agenda Explanation Materials

Summary of each agenda item
and Korea Zinc’s position

Court Decision on U.S. Smelter

Latest court decision on Injunction Prohibiting Issuance of New Shares

9th Letter to Shareholders

CEO Letter to Shareholders explaining upcoming AGM Agenda items

Glass Lewis’s Opinion
on Agenda Items

Supported More than
95% of Company's Rec.

Link to Article

ISS’s Opinion
on Agenda Items

ISS recommends proposal
to elect five directors and more.

Link to Article

Cumulative Voting Guide
from Korea Zinc

Under recent amendments to the Korean Commercial Act,
cumulative voting will become mandatory
for large, listed companies from the 2027 AGM.
As Korea Zinc has already adopted this system,
we’ve prepared this video to help you understand cumulative voting
and fully exercise your rights at our upcoming AGM.

Newsroom

China link roils Korea Zinc control battle

China link roils Korea Zinc control battle

(Korea Herald, Mar. 17, 2025) CIC’s stake in MBK fund draws scrutiny as Korea Zinc pushes US-aligned supply chains Korea Zinc headquarters in central Seoul (Newsis) Ahead of Korea Zinc’s March 24 annual shareholders' meeting, scrutiny of China Investment Corp.’s investment in MBK’s Fund VI has resurfaced as the ownership fight between the Young Poong-MBK alliance and Korea Zinc further intensifies. Young Poong, Korea Zinc’s largest shareholder, joined forces with MBK in 2024 to challenge Chairman Choi Yun beom, setting up the current contest for control. With Young Poong and MBK seen as holding the larger stake and Choi relying on friendly shareholders and swing votes, the meeting is shaping up as a pivotal test of who will gain the upper hand. China link clouds Korea Zinc’s US push The CIC controversy centers on indirect exposure through MBK’s financing structure.China’s sovereign wealth fund is a limited partner in MBK’s Fund VI, one of the vehicles used to finance MBK’s campaign for Korea Zinc. MBK says CIC accounts for about 5 percent of the fund, making it one investor in a globally diversified pool of institutional capital rather than a direct Korea Zinc shareholder. Yet, reports that MBK used capital from the fund to repay part of the bridge loan raised for its 2024 tender offer have fueled concern that CIC’s money may have indirectly supported MBK’s push for control. ※ Please refer to the article: China link roils Korea Zinc control battle

Korea Zinc in talks with US tech firms to extract rare earths from data centre waste

Korea Zinc in talks with US tech firms to extract rare earths from data centre waste

(Reuters, Mar. 12, 2026) Korea Zinc Chairman Yun B. Choi speaks during an interview with Reuters in Seoul, South Korea, March 11, 2026. REUTERS/Kim Hong-Ji SEOUL, March 12 - Korea Zinc (010130.KS), opens new tab is in talks with major…

Prosecutors allege 1 trillion won accounting fraud in Homeplus case

Prosecutors allege 1 trillion won accounting fraud in Homeplus case

(Chosun Biz, Jan. 12, 2026) Prosecutors currently investigating the Homeplus Co. case were said on the 11th to have applied an additional charge of accounting fraud worth about 1 trillion won in the arrest warrants they sought on the…

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

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,…

Homeplus faces supply disruptions as companies suspend shipments amid liquidity crisis

Homeplus faces supply disruptions as companies suspend shipments amid liquidity crisis

(Korea JoongAng Daily, Dec. 7, 2025) Homeplus Dongdaemun branch in eastern Seoul holds a farewell sale on Nov. 30, before shutting down. [YONHAP] Major consumer goods companies are suspending shipments to Homeplus as the retailer’s cash flow continues…

FSS proposes heavy sanctions against MBK Partners over investor fund violations in Homeplus case

FSS proposes heavy sanctions against MBK Partners over investor fund violations in Homeplus case

(Korea JoongAng Daily , Nov. 23, 2025) A Homeplus supermarket in Seoul on Oct. 31 [NEWS1] The Financial Supervisory Service (FSS) has issued a preliminary notice of heavy disciplinary action against MBK Partners in relation to its acquisition of…

Letter to Shareholders

Campaign

Current Status of the Management Control Dispute Litigation Involving Korea Zinc

Current Status of the Management Control Dispute Litigation Involving Korea Zinc

We hereby share the current status of lawsuits and key issues filed by Youngpoong and MBK against Korea Zinc during the hostile M&A process. Youngpoong and MBK have been persistently filing vexatious lawsuits and engaging in media tactics, thereby exerting…

The Council on Ethics recommends that Young Poong Corp be excluded from investment by the Norwegian Government Pension Fund Global (GPFG)

The Council on Ethics recommends that Young Poong Corp be excluded from investment by the Norwegian Government Pension Fund Global (GPFG)

(on Feb, 28, 2022) The Council on Ethics recommends that Young Poong Corp be excluded from investment by the Norwegian Government Pension Fund Global (GPFG) due to an unacceptable risk that the company is responsible for or contributes to…

No. 6: Appointment of Audit Committee member

No. 6: Appointment of Audit Committee member

Korea Zinc's Position: For No.6 - Candidate Kwon Soon Bum is currently serving as a member of the Audit Committee at Lotte Capital and is expected to provide valuable advice to the board of directors based on his legal expertise…

No. 2 ~ No. 5: Election of directors – KZ Position on MBK & YP’s Proposals

No. 2 ~ No. 5: Election of directors – KZ Position on MBK & YP’s Proposals

Korea Zinc's Position: Against Fourteen(14) Directors - Expanding the board from 13 to 27 members without BSM improvements suggests an attempt to seize control of the board - The proposed board size exceeds global recommendations, risking weakened governance - The lack…

No. 2 ~ No. 5: Election of directors: Seven (7) Directors (Korea Zinc’s Proposal)

No. 2 ~ No. 5: Election of directors: Seven (7) Directors (Korea Zinc’s Proposal)

Korea Zinc's Position: For 7 Directors - Expanding the board from 13 to 27 members without BSM improvements suggests an attempt to seize control of the board - The proposed board size exceeds global recommendations, risking weakened governance - Lack…

[Instruction] No. 2 ~ No. 5: The method of voting (Election of directors)

[Instruction] No. 2 ~ No. 5: The method of voting (Election of directors)

The director election voting method will follow one of four approaches, depending on the approval of 1-1 (cumulative voting) and 1-2 (director cap)