Korea Zinc Inc., a prominent non-ferrous metal smelter, announced on Friday that it has increased its tender offer price for its shares amid a growing management conflict with its largest shareholder, Young Poong Corp., and private equity firm MBK Partners. The new offer price is set at 890,000 won ($660) per share, up from the previous 830,000 won, as stated in a regulatory filing. The company plans to acquire 17.5 percent of its total shares, amounting to 3.62 million shares, which is an increase from the earlier intention to buy 15.5 percent. This adjustment will require 3.2 trillion won for the purchase, up from the initially estimated 2.66 trillion won. This price hike follows a recent announcement by Young Poong and MBK Partners to raise their offer to 830,000 won per share. As of 10:05 a.m., Korea Zinc shares were trading at 788,000 won, reflecting a slight decline. The struggle for control intensified when MBK partnered with Young Poong to launch a public tender offer in mid-September for up to 14.61 percent of the company. Currently, Young Poong and its allies hold a 33.13 percent stake, while Korea Zinc's chairman, Choi, and his supporters control 33.99 percent. This ongoing dispute signifies the end of a long-standing collaboration between Young Poong and Korea Zinc, which were co-founded in 1974.