Court clears Korea Zinc share issuance tied to US smelter project

A South Korean court on Wednesday dismissed a request by Korea Zinc’s major shareholders, MBK Partners and Young Poong, to block the zinc smelter from issuing new shares tied to its planned $7.4 billion US investment, paving the way for the project to proceed. The Seoul Central District Court declined to grant an injunction sought by Young Poong Group and private equity firm MBK Partners — which together hold about 46 percent of Korea Zinc's shares — and formally notified both sides of the decis