MBK acquired Home Plus from Tesco in 2015 for $5.1 billion. However, the company has been in steady decline, particularly since 2021, posting consecutive annual losses.

MBK Partners-Young Poong's proposal for a temporary chair is rooted in governance concerns following the disruption of Korea Zinc's extraordinary general meeting (EGM) on January 23.

While MBK claims the call option price is fixed, the detailed disclosure has not been made public. Korea Zinc stresses that without transparency, stakeholder confidence could be undermined ...

Korea Zinc Co. shares jumped to a record on speculation private equity firm MBK Partners will raise its offer to gain control of the world’s biggest refiner of the metal.

Last week MBK, along with Korea Zinc’s biggest shareholder Young Poong Corp., sweetened its initial offer for Korea Zinc to 750,000 won per share, valuing it at 15.5 trillion won ($11.8 billion).