MBK promotes Korea Zinc project in US amid Homeplus crisis

MBK Partners is facing criticism after hosting a reception in the United States to promote Korea Zinc's US investment project while its portfolio company Homeplus remains mired in a deepening restructuring crisis in South Korea.

The event took place on July 9 in Nashville, Tennessee, where MBK and Young Poong introduced themselves as Korea Zinc's "largest shareholder group" and highlighted their support for Project Crucible, the zinc producer's flagship US investment project, according to indust ...