US EditionYoungpoong Raises Suspicions that It Mobilized Funds From Korea Zinc to Recoup Its Investment in Cheongho Comnet.
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Youngpoong Claims "Irregular Fund Flow Confirmed Through Chungho Comnet, SWNC, and One Asia Partners Funds" [Digital Daily Reporter Kang Ki-hoon] Youngpoong, Korea Zinc's largest shareholder, raised suspicions on the 14th, stating, "We have confirmed that Korea Zinc Chairman Choi Yoon-beom and former One Asia Partners CEO Ji Chang-bae indirectly used 20 billion won of Korea Zinc company funds for the purpose of recovering investments in Chungho …
Young Poong Urges Probe into Korea Zinc Chairman's Alleged Company Asset Misappropration
The logos of Young Poong and Korea Zinc Young Poong, the largest shareholder of Korea Zinc, has formally raised concerns regarding the flow of funds surrounding Cheongho Comnet involving Korea Zinc Chairman Choi Yun-beom and former One Asia Partners CEO Ji Chang-bae. Based on a review of regulatory filings, court rulings, and multi-layered inter-company fund flows, Young Poong has identified evidence suggesting that hundreds of billions of won b…
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