Korea Zinc, tomorrow's emergency board meeting...Prospects for Discussion on Management Rights Defense Measures

Korea Zinc Chairman Choi Yoon-beom will hold an emergency board meeting tomorrow to discuss measures to defend management rights.

The meeting of the board of directors was reportedly held to discuss agendas related to management disputes without specific agendas being specified.

Earlier, there is a possibility that Youngpoong and MBK will request Korea Zinc to convene an extraordinary general meeting of shareholders for the appointment of new directors to discuss this.

In addition, the business community believes that Korea Zinc may seek to revive its voting rights by handing over 1.4% of its shares to the employee stock ownership association.

Korea Zinc signed a trust contract to acquire treasury stocks in May and indirectly holds 1.4% of its shares, and the trust period will end on the 8th of next month.

In response, Youngpoong and MBK argued that support for the employee stock ownership association to preserve the status of existing management in a management dispute could be an offense.