The rights issue was largely viewed as part of Korea Zinc's strategy to secure additional treasury stocks with voting rights to strengthen its position in the takeover con flict against Young Poong. Presently, Young Poong and MBK hold a combined 39.83 percent stake in Korea Zinc, while Korea Zinc Chairman Choi Yun-beom and associated parties possess a 35.4 percent stake in the company. With backing from Bain Capital, Korea Zinc intends to convene a shareholders meeting within the year to resolve the ongoing battle, concentrating efforts on garnering support from institutional investors such as the National Pension Service and smaller shareholders. The company is expected to leverage its new status, underpinned by state recognition, to protect vital industries and secure further backing at the upcoming shareholders meeting.