Exploration Planning [Straight] Sophistry and incitement... The true face of the president who said he was ‘taking responsibility’

2025-01-26 13:11:03

Former Defense Minister Kim Yong-hyun, a key witness, responded to President Yoon's interrogation and supported the president's claim that martial law was a symbolic measure.

He denied the ministers' statements and appeared to shift responsibility to his subordinate martial law commanders.

However, a war over management rights broke out between the Choi family, which holds management rights, and the Jang family of Youngpoong, the parent company of Korea Zinc, and Youngpoong attracted MBK, the largest private equity fund in Northeast Asia, as an ally.

As Chairman Choi launched a counterattack and poured a huge amount of company funds, Korea Zinc fell into debt.

Private equity funds, which have no choice but to realize profits by reselling the company, tend to pursue short-term profits.

 

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