Youngpoong Corporation (000670) and MBK Partners requested an investigation into transactions involving Korea Zinc Company, Ltd. (010130), Chosun Biz reported Monday. Their demand concerns the family of chairman Choi Yun-beom.
The two parties alleged that family interests invested before other participants and recovered money earlier. They asked authorities to examine the sequence of the investments and withdrawals. The report presented the request as part of the continuing control dispute.
The candidate report did not state that a regulator had opened a formal investigation. It also did not report a court finding on the allegation. Youngpoong's market capitalisation was ₩0.7 trillion at Tuesday's close.
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| Symbol | Last Price |
|---|---|
| 000670Youngpoong Corporation | ₩39,250 -0.5% |
| 010130Korea Zinc Company, Ltd. | ₩1,213,000 -0.9% |