Korea Zinc Regulatory Probe to Continue Despite Pulled Offer
Water vapor and smoke rise from a Korea Zinc Co. smelting factory in Ulsan, South Korea.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
South Korea’s financial watchdog will press ahead with its probe into Korea Zinc Co.’s disputed $1.8 billion share sale plan, which the company scrapped on Wednesday bowing to regulatory pressures.
The Financial Supervisory Service will continue the probe as the investigation on unfair transaction concerns is already under way, FSS governor Lee Bokhyun told reporters late on Wednesday in Hong Kong.