Statement from Young Poong and MBK Partners
Date 2025.12.24
-Regarding the Court’s Decision to Deny the Injunction Against Korea Zinc’s New Share Issuance
Young Poong and MBK Partners express our disappointment regarding the court’s decision to deny the request for an injunction against Korea Zinc’s third-party share issuance.
We remain deeply concerned that the issues raised during this process—specifically the potential dilution of shareholder value, questions regarding the fairness of the investment agreements, and the long-term financial and operational risks to Korea Zinc—have not been sufficiently addressed. We maintain that these concerns were raised out of a sense of responsibility as the primary shareholder, dedicated to protecting the interests of all shareholders and ensuring the sustainable growth of the company.
Despite this outcome, Young Poong and MBK Partners, in our capacity as the primary shareholders, intend to support the U.S. smelter project so that it may deliver genuine "win-win" results for the United States, Korea Zinc, and the broader Korean economy.
However, for a strategic international project of this magnitude to be successfully and stably executed, it must be supported by a governance framework and a decision-making process that commands the continuous trust and support of both the Board and the largest shareholders.
Moving forward, Young Poong and MBK Partners will continue to take all necessary institutional and legal actions to ensure that Korea Zinc’s management is centered on maximizing long-term value for the company and all its shareholders—not on the short-term interests of specific individuals.
As a responsible primary shareholder, we remain committed to a constructive and ongoing role in ensuring that Korea Zinc grows into a globally trusted enterprise.