Korea Zinc Urges MBK and Young Poong to End Control Dispute and Focus on Corporate Value

Published: Sep 29, 2026 14:04 (GMT+8)

Save

MBK Partners and Young Poong are also major shareholders and that the parties could cooperate around sustainable growth, enhanced corporate value and the interests of all shareholders. The company said the control dispute, which has lasted nearly two years, could weigh on its future competitiveness and shareholder value, and urged the shareholders to focus on long-term development as critical-minerals supply chains undergo restructuring.

Korea Zinc said it would continue advancing its “Troika Drive” covering secondary-battery materials, resource recycling and renewable energy, while expanding its critical-minerals supply-chain presence through Project Crucible in the United States. The company also said its extraordinary shareholders’ meeting approved resolutions concerning an Audit Committee member and four independent directors, and that it would continue strengthening board independence and oversight.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

22 mins ago

Korea Zinc Plans to Expand Onsan Smelter Product Portfolio from About 20 to More Than 30 Items in Five Years

Korea Zinc Chairman Choi Yun-beom said the company plans to expand the Onsan Smelter’s portfolio of metals, materials and byproducts from about 20 items currently to more than 30 over the next five years, reducing its reliance on the price of any single metal. Korea Zinc said the portfolio had grown from 12 items to about 20 over the past two decades, supported by the recovery, refining and commercialization of metals contained in smelter byproducts and waste. Korea Zinc said higher prices for antimony and other critical minerals contributed additional earnings in 2025, while gold and silver recovered through advanced refining processes supported record results in the first half of 2026. For the second half of 2026 and 2027, the company is seeking further growth in zinc, copper, sulfuric acid and ultra-high-purity sulfuric acid for semiconductor applications. It is also advancing Project Crucible, a planned integrated U.S. smelter that Korea Zinc describes as a new growth pillar in the global critical-minerals supply chain.

22 mins ago

35 mins ago

Zodiac Completes 530-Square-Kilometre Liberia Soil Survey and Reports Regional Lead-Zinc Anomaly Context

Zodiac Gold announced completion of a 10,661-sample soil survey covering 530 square kilometres across Bomi South and Bong West in Liberia. The company said its interpretation of earlier national stream-sediment maps placed anomalous areas within its licences in the top 0.5% nationally for sixteen elements, including lead and zinc. These are regional exploration indicators, with no new lead-zinc resource disclosed.

35 mins ago

1 hour ago

SARB Approves $2.5B Glencore Deal for Orion Minerals' Copper, Zinc Project

South Africa-listed miner Orion Minerals disclosed on September 17 that its $2.5 billion copper and zinc concentrates prepayment and offtake agreement signed with a Glencore subsidiary has been approved by the South African Reserve Bank (SARB), clearing a key regulatory precondition for cross-border financing and bringing project funding close to financial close. The agreement is the binding $2.5 billion arrangement reached in February this year, with funds tied to future sales of copper and zinc concentrates. First copper and zinc concentrates are expected to be produced approximately 13 months after project funding is in place.

1 hour ago