Korea Zinc Management Prevails in Shareholders’ Audit Committee Vote
Shareholders of Korea Zinc elected Dankook University professor Baek In-gyu over corporate governance expert Park Yu-kyung, choosing Baek for an audit-committee seat in a proxy contest supported by major advisory firms. Incumbent management said it would resist interference by MBK Partners and Young Poong, whose bid continues into the next March annual meeting. Korea Zinc also described its $7.4 billion Project Crucible and a planned strategic materials smelter on a 160-acre Clarksville, Tennessee site with the U.S. government.