[Economy pick] After the tender offer...Korea Zinc Shares Flame Again

[Anchor]
This is the last keyword.

{Korea Zinc's management dispute seems to be a story, how much has the stock price risen?

[Reporter]
Yes, Korea Zinc shares fluctuated more today than they did when the so-called "Tran War" broke out due to the management dispute.

Korea Zinc jumped nearly 30% from the start of the market and hit the upper limit.

It closed at 1,138,000 won, up 29.91%.

Youngpoong Precision, called the casting boat for the management dispute, also rose 6,000 won to 26,000 won, hitting the upper limit of 30 percent.

Earlier, Korea Zinc's stock price was around 530,000 won at the beginning of last month before the full-fledged tender price war broke out.

However, following Youngpoong and MBK Partners' announcement of a tender offer for shares,
Chairman Choi Yoon-beom of
and Korea Zinc defended themselves with a tender offer of treasury stocks, and the stock price repeatedly jumped.The last open purchase price for

Korea Zinc was 830,000 won for Youngpoong and MBK and 890,000 won for Korea Zinc.

Yeongpung Precision was 30,000 won to 35,000 won.

With the closing of the tender offer by Korea Zinc and Chairman Choi Yoon-beom yesterday, the element that will actually drive the stock price has disappeared.

Nevertheless, it fluctuated again today, and both stocks hit the upper limit.

[Anchor]
Why is it going up when it's all over?

[Reporter]
This is due to the prospect that the first round of the management dispute between the two sides will end in a draw and will start purchasing additional shares.

The tender offer failed to secure more than half of the shares on either side, leaving no winners of the first "war of some."

So, neither side has clear management rights.

In the end, we have no choice but to argue at the general shareholders' meeting with whose friendly stake is large.

For this reason, some predict that the store will continue to secure a little more stake.

In fact, the president of Korea Zinc also said that he would take all measures to answer related questions.

[Park Ki-duk / President of Korea Zinc: After the tender offer is over, we think we can respond enough, so I don't think the equity gap is that big. I'll tell you that we'll find all the means and methods to defend management rights and push for it.]

The problem is that both sides have already collected all the stocks on the market.

So only a few stocks are traded on the market.

Investors should also note that if there is no one willing to buy it, they do not know when to hit the lower limit again.

[Anchor]
Yes, in the midst of this, the fight between the two sides is leading to a lawsuit?

[Reporter]
Yes, there have already been two court rulings on the tender offer of Korea Zinc's treasury stocks.

Separately, the two sides filed a bilateral complaint with the FSS against each other for sending false information to adjust the market price.

On top of that, he filed a complaint with the prosecution on charges of breach of trust, and emphasized the need for an investigation by highlighting various suspicions.

In the end, the management rights of Korea Zinc are expected to conclude with who will appoint more board members at the shareholders' meeting to be held later.

However, the emotional battle between the two families, which has been symbiotic for 75 years of friendship, is expected to eventually lead to a court battle and continue for a while.