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Young Poong and MBK allege Korea Zinc CEO family private-gain scheme

Korea Zinc logoKorea Zinc
Sig3.65Sen-4.95Env0.00Soc0.00Gov-7.20

Young Poong and MBK Partners allege Korea Zinc funds were used for follow-on investments in unlisted firms where CEO Executive Director and Chairman Choi Yoon-beom and his family had earlier personal investments. They cite records tied to six deals totaling 69 billion won and call for an independent probe, saying Korea Zinc did not deny key facts despite indicating legal action.

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