MBK, YoungPoong seek court injunction to block Korea Zinc's share sale plan

Korea Zinc

16/12/2025 01:55

SEOUL, Dec 16 (Reuters) - South Korean private equity firm MBK Partners and metal smelter YoungPoong Corp requested an injunction at a local court to block Korea Zinc's share sale plan to fund the construction of a smelter in the U.S., MBK said in a statement on Tuesday.

Korea Zinc said on Monday it would build a $7.4 billion critical minerals refinery in Tennessee that will be funded largely by Washington.

MBK and YoungPoong are major shareholders of Korea Zinc.

 (Reporting by Heejin Kim
Editing by Ed Davies)

 ((Heejin.Kim@thomsonreuters.com;))