Korea Zinc chair secures board control in proxy battle victory

Korea Zinc Chair Choi Yun-beom was reelected to the board Tuesday, successfully securing his management control in a heated proxy battle against major shareholder Young Poong and private equity firm MBK Partners. At the annual general meeting held in Seoul, shareholders voted to reappoint Choi as an inside director of the world’s largest zinc smelter. They also sided with Choi’s camp over the rival Young Poong-MBK faction, approving the appointment of five new directors to fill seats vacated by

By The Korea Herald