South Korean court rejects request to block Korea Zinc share sale linked to US smelter

By Hyunjoo Jin, Heejin Kim and Heekyong Yang SEOUL , Dec 24 (Reuters) - A South Korean court on Wednesday rejected a request by two major shareholders of Korea Zinc - MBK ​Partners and YoungPoong - to block the zinc refiner's plan to issue new shares to ‌help fund a $7.4 billion U.S. smelter project, a spokesperson for Korea Zinc said. The ruling, which should clear the way for ‌the project, sent Korea Zinc shares up as much as 5%, while YoungPoong share fell as much as 10%. Last week, Korea Zinc, the ...