The RADAR

Korea Zinc wins appeal over 520 billion won share issue, but control fight remains unsettled

An appeals court overturned a first-instance ruling and sided with Korea Zinc in a dispute with Young Poong over whether the company's issuance of new shares worth about 520 billion won to a Hyundai Motor Group overseas unit was lawful. Hyundai Motor Group's stake of about 5% in Korea Zinc, which is classified as friendly shares on the side of Chairman Choi Yun-beom, survived. However, Korea Zinc lost a lawsuit over board appointments just a day earlier, so the outcome of its management rights battle with Young Poong and MBK Partners remains hard to predict.

Governance

Nexflex to be taken over by Busan EP; MBK to retain 17% stake

Deal Room

Jin Air, Air Busan and Air Seoul merger approved, to launch in March

Signal

KEPCO Q3 operating profit falls 70.9% in a year to 1.6 trillion won

Risk

KB Capital's business system hacked, exposing personal data of 1,811 people

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Industry

Samsung Biologics union chief, another official referred for prosecution over trade secret leak

Park Jae-seong, head of the Samsung Biologics Sangsaeng Labor Union, and one other executive committee member have been referred to prosecutors for allegedly leaking trade secrets from the company. The union is pressing wage and welfare demands with the company and has been staging a second partial strike.

By Park Seung-taek

Industry

Samsung Biologics union and management to return to talks on Nov. 17 as strike continues

Samsung Biologics labor and management will sit down at the bargaining table again on the 17th, two weeks after talks scheduled for the 3rd of this month were postponed. The union's second partial strike is still under way.

By Park Seung-taek

Finance

Crypto exchanges to block deposits and withdrawals on mere signs of hacking

Crypto exchanges will be able to block deposits and withdrawals first, at the stage when they detect signs of a hack. Financial authorities plan to require exchanges to set up 24-hour security monitoring and to increase the share of customer assets held in cold wallets. They also plan to impose information technology (IT) safety obligations and liability for damages on par with financial companies through the Digital Asset Act.

By Kim Seong-hyeon

Industry

Court annuls Korea Zinc's regular shareholder meeting resolutions from last year

In a suit filed by Young Poong and MBK Partners against Korea Zinc to annul shareholder meeting resolutions, Seoul Central District Court Civil Division 29 (Presiding Judge Ko Seung-il) on the 12th accepted the plaintiffs' claim. The resolutions targeted were those passed at the regular shareholders' meeting on March 28, 2025. They include the item capping the number of directors at 19 and the appointment of five people on Chairman Choi Yun-beom's side as directors. Korea Zinc said it would appeal immediately. The dispute will move to a higher court.

By Park Seung-taek

Global Economy

Jensen Huang hired 'scandal fixer' a year before admitting affair

Nvidia CEO Jensen Huang had been working with the crisis-management PR firm Heller for about a year before he admitted to an extramarital affair, it has emerged. Heller is known for handling sex scandals.

By Lee Woo-hyun