The adviser of Young Poong Corp., the largest shareholder of Korea Zinc Inc., defended the joint tender offer with private equity firm MBK Partners as a move to rescue the company. In a recent interview with Yonhap News Agency, Chang Hyung-jin, the son of Young Poong's co-founder, explained that the share purchase plan was aimed at saving Korea Zinc amid a management conflict. Despite Korea Zinc's strong opposition, Young Poong and MBK Partners plan to acquire up to a 14.6 percent stake in the zinc smelter through a $1.5 billion tender offer, a move criticized by a top executive of Korea Zinc as "predatory behavior." Established in 1974 by co-founders Chang Byung-hee and Choi Ki-ho, Korea Zinc has been managed by the Choi family, leading to a power struggle when Choi Yun-beom became chairman and sought to distance the company from Young Poong. Chang emphasized that the tender offer was not a hostile takeover bid, expressing his commitment to revitalizing Korea Zinc and ensuring its long-term prosperity. Despite differing views on management with Choi, Chang stressed the importance of maintaining the company's system and ongoing operations even if the tender offer is successful.