Korea Zinc Union "General Strike in the event of hostile mergers and acquisitions between Youngpoong and MBK"

The Korea Zinc Labor Union said it would protect the company in all ways, including a general strike, if the hostile takeover attempt by Youngpoong and MBK Partners was successful.

The Korea Zinc Union made this statement in a public statement, appealing to the public to protect the country from predatory private equity funds.

He then pointed out that Youngpoong is a company with an average annual profit margin of only minus 1% over the past decade, and MBk has been in great conflict with the union while acquiring companies in Korea.Senior engineers at the level of

Korea Zinc also issued a public statement saying they will not join Youngpoong and MBK if they succeed in their hostile takeover attempts.

Korea Zinc, which is in a management dispute, will hold a vote battle between shareholders on the agenda posted by current management, including Chairman Choi Yoon-beom, and the agenda presented by Youngpoong and MBK at an extraordinary shareholders' meeting on the 23rd.