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Korea Zinc loses court battle over voting rights curbs
A court ruled Thursday that a resolution passed at Korea Zinc's annual shareholder meeting last year restricting the voting rights of Young Poong Corp. and private equity firm MBK Partners Ltd. must be nullified, according to Korea Times and Yonhap. Business Korea reports the first-instance ruling ordered the revocation of the resolution, which was passed while limiting the voting rights of Young Poong, the largest shareholder. The ruling is a setback for Korea Zinc, which had sought to curb Young Poong's influence. Korean media coverage focuses on the legal outcome, with no indication of an appeal or a win for Korea Zinc on this matter.


















