National Pension Service Sells Part of Korea Zinc Shares... Reduces Stake

Disposition of 71,766 Shares... Current Stake at 7.48%
Profit-Taking Seen Following Sharp Stock Price Surge

The National Pension Service has disposed of a portion of its shares in Korea Zinc.

According to the Financial Supervisory Service's electronic disclosure system on the 31st, as of the end of last month, the National Pension Service holds 1,548,609 shares of Korea Zinc (7.48% stake). This is a decrease of 71,766 shares from 1,620,375 shares (7.83% stake) at the end of June.

Korea Zinc, which is undergoing a management rights dispute, held an emergency board meeting at its headquarters in Jongno-gu, Seoul on the 30th. The company is expected to prepare countermeasures regarding the request by the Yeongpung-MBK Partners alliance to convene an extraordinary general meeting of shareholders. Photo by Jo Yong-jun

It is not precisely confirmed when the National Pension Service sold Korea Zinc shares during the third quarter.

However, after the public tender offer by Young Poong and MBK Partners in September, Korea Zinc's stock price surged sharply, suggesting that some shares were sold during this period to realize profits.

Following the announcement of the Young Poong-MBK alliance's public tender offer on the 13th of last month, Korea Zinc's stock price, which had been hovering in the 500,000 won range, soared to 750,000 won within the same month.