
Court Invalidates Korea Zinc’s Share Issuance to HMG Global, Citing Bylaws Violation
Korea Zinc issued 1,045,430 new common shares at a face value of 5,000 won on Sept. 13, 2023, through a third-party allotment paid-in capital increase targeting HMG Global, a foreign joint venture of Hyundai Motor Company. This strategic move aimed to …