Korea Zinc shareholders elected Baek In-kyoo, backed by Chairman Choi Yun-birm, to the company’s audit committee at a Sept. 9 meeting in Seoul. Baek defeated Park Yoo-kyung, the candidate nominated by the MBK Partners and Young Poong alliance. The result adds to Choi’s support as the two sides continue their management-control dispute. Five new directors were elected in total, expanding Korea Zinc’s board from 14 to 19 members, with 12 now aligned with Choi. Baek is a Dankook University professor who holds Korean and U.S. CPA licenses and spent about 30 years at Deloitte Anjin. The vote was also described as the first actual management-rights dispute to apply the revised Commercial Act’s 3% rule, which limits the combined voting rights of major shareholders and their special relations to 3%.