Crime and courts · South Korea
Young Poong, MBK vow appeal after W837b lawsuit defeat
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The Seoul Central District Court on Thursday dismissed an 837 billion won ($632 million) shareholder derivative lawsuit filed by Young Poong and MBK Partners against Korea Zinc Chairman Choi Yun-birm and other directors, handing the company's management a legal victory in their ongoing battle for control. The Young Poong-MBK alliance filed the suit in November 2024, alleging that Korea Zinc's directors caused substantial losses by buying back shares at 890,000 won apiece through a tender offer,
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- https://www.koreaherald.com/article/10911617
- Published
- 22/10/2026 06:26 UTC
- Captured
- 22/10/2026 06:39 UTC
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