South Korea’s rich and powerful families, known as chaebols, have held near unchallenged power over almost every aspect of the economy for half a century. They run the biggest companies, command political clout and engineer arcane business deals that often come at the expense of their shareholders. But now, regulators and investors are fighting back – and it’s most apparent at Korea Zinc, where investors are keenly watching a rare hostile takeover attempt by private equity firm MBK Partners Ltd., backed by its largest investor Young Poong Corp. Complicating matters is the potential ouster of President Yoon Suk Yeol after his short-lived declaration of martial law.
Join us for a live conversation with Bloomberg’s Youkyung Lee, Heesu Lee and Catherine Ngai as they start the discussion at 4 p.m. KST / 3 p.m. HKT / 2 a.m. ET on Dec. 12 – it’s free and available for everyone to listen to. Bloomberg digital subscribers and Terminal clients are invited to sign in and ask questions.