Korea Zinc "Even if you buy 20% at 890,000 won per share, your debt ratio is less than 100%."

After Youngpoong and MBK Partners argued that the financial structure of Korea Zinc would deteriorate due to large-scale treasury stock purchases, Korea Zinc issued a rebuttal, leading to an off-the-shelf public opinion battle between the two sides.

Korea Zinc issued a "management position" and said that its debt ratio will remain below 100% even if it buys shares equivalent to 20% stake at 890,000 won per share.

He added that Korea Zinc's financial soundness has already been reviewed by banks and other financial institutions, and even if it is incinerated after purchasing all 20% of its stake, the debt ratio is 78% and 91% on a consolidated basis.

Earlier, Youngpoong and MBK claimed that Korea Zinc's debt ratio could rise to 245% by 2030 due to the burden of a tender offer of treasury stocks.