Youngpoong and MBK "Disappointed...It will have a negative impact on the company's finances."

Youngpoong and MBK Partners expressed regret over the court's rejection of their "disposition to suspend the tender offer of Korea Zinc's treasury stock."

Youngpoong and MBK said in a statement today (21st) that the decision did not appear to have persuaded the court on the negative impact on Korea Zinc and how much it would have on the domestic capital market in the future.

He then pointed out that the company's financial structure is undermined, with the tender offer of Korea Zinc's treasury stocks borrowing a huge amount of 2.7 trillion won to maintain Chairman Choi Yoon-beom's status.

At the same time, he said he would straighten up the governance that collapsed as the largest shareholder of Korea Zinc, and that he would announce his position on the extraordinary shareholders' meeting after watching the results of the tender offer of Korea Zinc.