Korea Zinc's management, led by Chairman Choi Yun-beom, has increased its tender offer price to 890,000 won ($660) per share to secure control of the world's largest zinc smelter, surpassing the 830,000 won bid from the MBK Partners and Young Poong coalition. Initially aiming to acquire an additional 15.5 percent of total issued shares, the management has now raised its target to 17.5 percent. When combined with Bain Capital's 2 percent stake, this could allow them to gain a total of 20 percent in the company. The revised tender offer will cost approximately 3.2 trillion won, an increase of over 500 billion won from the previous estimate of 2.7 trillion won. In response to the price increase, the MBK-Young Poong alliance criticized the decision, claiming it would negatively impact Korea Zinc's financial stability. They argue that the significant funds allocated to protect Choi will leave the company in debt, questioning the return on such an investment. Despite the escalating competition for control, MBK announced it would not raise its offer further, citing concerns that continued bidding would harm the corporate value. The Financial Supervisory Service has also expressed worries about the potential market instability caused by this intense competition. As of Friday, Korea Zinc's shares rose slightly to 794,000 won, while Young Poong Precision shares fell to 29,000 won.