Lee Yoon-beom's remarks on "a paid-in capital increase to prevent the acquisition" MBK and Young-poong "recognize planning."

MBK Partners and Youngpoong, who are in a management dispute with Korea Zinc, claimed that Choi Yoon-beom, chairman of Korea Zinc, admitted to planning a paid-in capital increase in a general public offering to defend management rights.

Earlier, in an interview with foreign media, Chairman Choi apologized to shareholders for attempting a capital increase, saying, "There is an aspect of attempting a capital increase by force, caught up in the need to prevent hostile takeover attempts."

The MBK and Youngpoong Alliance said Choi's remarks acknowledged that he planned a paid-in capital increase in advance to compete with them, the largest shareholder, and pointed out that it is an improvised excuse to claim that he has decided to raise the capital due to urgent market changes.

The Supreme Court also argued that Chairman Choi violated the Capital Markets Act with false disclosures, saying that the Supreme Court considers recent false disclosures or omissions of important information to undermine the trust of the capital market.