Power Struggle Over $11 Billion Zinc Empire Threatens Global Supply Chains
A bitter feud between two South Korean families and private equity backers could disrupt the zinc market and impact energy-transition efforts.
- The Choi and Chang families are locked in a battle for control of Korea Zinc Co., valued at $11.6 billion.
- The conflict intensified with a surprise takeover bid from the Chang family's Young Poong Corp. and MBK Partners.
- Korea Zinc accounts for significant portions of the global supply of zinc, lead, and silver, essential for renewable energy technologies.
- The dispute has led to separate negotiations with suppliers and clients, disrupting long-standing joint contract talks.
- MBK Partners aims to improve corporate governance, while Korea Zinc warns of potential supply disruptions if the takeover succeeds.
CNA 
Financial Post 
