Regulator denies reporting MBK to prosecutors over Korea Zinc

A senior Financial Supervisory Service (FSS) official on Thursday denied a report that the regulatory body has referred MBK Partners and Young Poong Corp. to prosecutors to investigate allegations of them using undisclosed consulting information on Korea Zinc for their takeover bid of the world's No. 1 zinc smelter.

He said the media report, released on Wednesday, was groundless.

Meanwhile, another FSS official confirmed The Korea Economic Daily’s report that the FSS referred Korea Zinc Chairman Choi Yun-birm and its board of directors to prosecutors for a fast-track investigation concerning a planned 2.5-trillion-won ($1.7 billion) rights issue. Korea Zinc scrapped the rights offering in November amid a regulatory probe.

Write to Ik-Hwan Kim at lovepen@hankyung.com
 


Yeonhee Kim edited this article.