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South Korean court dismisses 837 billion won shareholder lawsuit filed by Young Poong and MBK Partners against Korea Zinc chairman
The Seoul Central District Court on Thursday dismissed a shareholder derivative lawsuit filed by Young Poong and MBK Partners against Korea Zinc Chairman Choi Yun-birm and other directors, seeking 837 billion Korean won (approximately $632 million). The Young Poong-MBK alliance filed the lawsuit in November 2024, alleging that Korea Zinc's directors caused significant losses to the company by repurchasing shares at 890,000 won per share through a tender offer.
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