Korea Zinc convenes board meeting tomorrow morning...Discussion of Tender Offer Price Increase

Korea Zinc will hold a board meeting tomorrow morning to discuss whether it will raise the tender offer price of its shares, which is currently 830,000 won.

Tomorrow is the last day for Korea Zinc to change its terms without increasing the tender offer period for its shares, which ends on the 23rd of this month.

While MBK Partners and Youngpoong, the counterparts of the management dispute, announced earlier that they would not raise the purchase price further, attention is being paid to what the conclusion will come in the face of warning remarks by Financial Supervisory Service Director Lee Bok-hyun.