Amid the hustle and bustle, Kim Kwang-il, vice chairman of MBK Partners, a private equity firm focused on Northeast Asia, sees Korea Zinc’s corporate value at 30 trillion won ($20.6 billion) in four years if the world’s No.1 zinc smelter is properly managed.“We need to solve the management dispute as soon as possible and focus on normalizing its management system,” he said in an interview with The Korea Economic Daily at MBK’s Seoul office on Wednesday.
Despite the current EV uptake slowdown, sustained investment could see Korea Zinc achieve 19 trillion won in annual revenue and 2 trillion won in EBITDA by 2029, he said.“With improved earnings performance and governance, Korea Zinc's corporate value could reach 30 trillion won in four years,” he said.
Critics argue that cumulative voting, intended to protect minority shareholders, could be exploited to simply block the Young Poong-MBK consortium's influence in management.“Given that the majority of Korea Zinc’s shares are concentrated in the hands of the top two shareholders, it is impossible for minority shareholders to secure board seats through cumulative voting.
The story "MBK Partners’ vice chair vows to hike Korea Zinc’s value to $20.6 billion" has 918 words across 39 sentences, which will take approximately 4 - 8 minutes for the average person to read.
Which news outlet covered this story?
The story "MBK Partners’ vice chair vows to hike Korea Zinc’s value to $20.6 billion" was covered 19 hours ago by Korea Economic Daily, a news publisher based in South Korea.
How trustworthy is 'Korea Economic Daily' news outlet?
Korea Economic Daily is a fully independent (privately-owned) news outlet established in 1964 that covers mostly economy news.
The outlet is headquartered in South Korea and publishes an average of 8 news stories per day.
It's most recent story was published ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
