Korea Zinc Co. is currently experiencing a power struggle between Chairman Yun B. Choi and Young Poong Corp., the largest shareholder controlled by the Chang family, who are co-founders of the company.
The ongoing battle for dominance in Korea Zinc highlights the complexities of family-run businesses in South Korea, where competition among founding families is often driven by legacy and control.
This conflict highlights a significant division between two of South Korea"s wealthiest families as they compete for control over the world"s largest zinc smelter. The dispute has escalated after an unsuccessful share sale, raising concerns about the future governance of the metals empire established over seven decades ago.