Summary: Korea Zinc shares dropped 13.94% after its largest shareholder alliance opposed a U.S.-backed joint venture plan for a Tennessee smelter. The alliance, including MBK Partners and YoongPoong, claims the plan benefits Chairman Choi Yun-beom and seeks a court injunction to stop new share issuance. The joint venture, with a 40% Pentagon stake, will dilute the alliance’s share while increasing Choi and U.S. government stakes.

Link: https://www.cnbc.com/2025/12/16/korea-zinc-mbk-yoongpoong-us-jv-texas-pentagon.html