[Economy pick] "Impression Stop" by Youngpoong, MBK...Korea Zinc said, "Go one more time".

[Anchor]
Let's look at the second keyword.

This is news about Korea Zinc and Youngpoong, which are continuing management disputes.

You decided to raise the purchase price, which has been quiet for a while?

[Reporter]
Yes, that’s right.

This time, Korea Zinc threw a winning move.

It has decided to raise the open purchase price from 830,000 won per share to 890,000 won by another 60,000 won.

The total stake purchase has also grown.

Previously, it said it would buy 15.5% more of all issued shares, but it has grown to 17.5%.

{Korea Zinc Friendship, including the purchase stake of private equity firm Bain Capital, which participated before the purchase, amounted to 20% of the total stock issuance.

In addition, the open purchase price of Youngpoong Precision, a casting boat in management disputes, was set at 35,000 won by Chairman Choi Yoon-beom, which is 5,000 won higher than Youngpoong and MBK.

As the stock market fluctuated due to the so-called "Tran War" in which both sides gradually raised their buying prices, Financial Supervisory Service Chief Lee Bok-hyun himself warned.

Korea Zinc also seemed to be aware of this, explaining that the decision was made after listening to market conditions and concerns from financial authorities and the board of directors.

[Anchor]
From Youngpoong and MBK's point of view, who said they would not raise the acquisition price first, did they refute when they were stabbed in the back?

[Reporter]
Yes, it was actually more of a criticism than a rebuttal.

Earlier, Youngpoong and MBK said they would not raise the price further the day after Director Lee Bok-hyun's remarks.

However, when Korea Zinc started to raise the purchase price regardless, he strongly criticized it in a statement.

It pointed out that Korea Zinc will face irreversible negative effects as it will take on 2.7 trillion won in debt to acquire its own shares.

In particular, Korea Zinc's treasury stock purchase cost of KRW 3.2 trillion is more than 97% of the company's net profit in the last five years,
It said the
company's financial resources would be exhausted and uncertain into the future.

[Anchor]
Korea Zinc paid a higher price, so can I say that the victory or defeat is determined?

[Reporter]
Not necessarily.

Shareholders will first announce their intention to make a tender offer to Youngpoong and MBK, where the deadline for the tender offer ends on the 14th, and will be able to watch the situation on Korea Zinc's tender offer, which ends on the 23rd.

In particular, uncertainties remain as the results of the provisional disposition lawsuit against suspension of the tender purchase process of treasury stocks filed by MBK have not yet been released.

Above all, it is true that the company itself has a big burden, regardless of victory or defeat.

MBK has to pay more than 100 billion won in interest a year while borrowing 2 trillion won, and Korea Zinc also spends a huge amount of 2.7 trillion won to buy all of its treasury stocks to burn, which will lead to poor financial stability.

Shares of Korea Zinc, which soared before the tender offer, also remained in the late 700,000 won range, lower than the tender offer offered by both sides, revealing market concerns.