Australian politicians voice worries over Korea Zinc takeover dispute

2024-11-14

(Korea JoongAng Daily, Nov.14)

Ark Energy’s solar farm in Townsville, North Queensland. Ark Energy is an Australian energy subsidiary owned by Korea Zinc. [KOREA ZINC]

Australian politicians are casting anxieties over Korea Zinc’s elongated, bruising ownership fight with private equity firm MBK Partners, calling for an immediate end to the dispute that may cause setbacks in ongoing clean energy projects and disruption in the global zinc supply chain.
Some lawmakers have publicly sided with Korea Zinc Chairman Choi Yun-beom, grandson of its co-founder, citing the risks of the world’s largest zinc smelter’s proprietary technologies leaking to China, the current dominant player in the raw materials refining industry.
Annastacia Palaszczuk, the former premier of Queensland, Australia, recently left a supportive message for Choi on social media, pinpointing his contribution to the development of Queensland through various investments in clean energy programs.

Full Article: Australian politicians voice worries over Korea Zinc takeover dispute(Korea JoongAng Daily, Nov.14)

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