Korea Zinc Chairman Choi Yoon-beom's purchase price of Youngpoong Precision is 30,000 → 35,000 won.

Choi Yoon-beom, chairman of Korea Zinc, who is in dispute with Youngpoong and MBK Partners over management rights, raised the bid price for Youngpoong Precision, which is considered the key to the dispute, from 30,000 won to 35,000 won.

Jericho Partners, a special purpose corporation established by Chairman Choi, announced this morning that it will raise the tender offer price of Yeongpung Precision's common stock to 35,000 won.

Youngpoong Precision has a 1.85% stake in Korea Zinc.

As a result, if Youngpoong and MBK Partners secure the right to manage Youngpoong Precision, they will effectively secure 3.7% of their voting rights.