LOUISVILLE, Ky. — Cherie DeVaux made history Saturday as the first female trainer to win the Kentucky Derby when Golden Tempo rallied from far back to capture the race over Renegade at Churchill Downs.
“I don’t even have any words right now,” DeVaux said on NBC. “So, so, so happy for Golden Tempo. [Jockey] Jose [Ortiz] did a wonderful job, masterful job. He has had so much faith in this horse.
“I’m glad I could be representative of all women everywhere, that we can do anything we set our minds to.”
It was the first Derby win for Ortiz, whose brother, Irad Ortiz Jr., rode Renegade.
“I’m glad I get my lifetime dream achieved,” said Jose Ortiz, who also won the Kentucky Oaks on Friday with Always a Runner.
Sent off at 23-1, the winner paid $48.24 for a $2 bet after running 1 1/4 miles in 2 minutes, 2.27 seconds.
Ocelli was third, Chief Wallabee fourth and Danon Bourbon, who had the lead at midstretch, fifth. So Happy, the Santa Anita Derby winner, finished ninth.
Great White, another long shot, was scratched just before post time after he bucked and fell over at the starting gate.
Seoul – Shekinah Yawra had no other option but to spend the night at a South Korean jjimjilbang, a 24-hour bathhouse, after every hotel near central Seoul sold out in late March.
But sleep was secondary for the 32-year-old Filipino who had made her way to Seoul’s Gwanghwamun Square at 7am to secure a spot in a crowd that city officials estimated would grow to hundreds of thousands.
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All this was for a glimpse at the seven-member K-pop supergroup BTS, who returned to the stage on March 21 after almost four years away from the limelight for their staggered, mandatory military service.
Though she failed to secure one of 22,000 free tickets for BTS’s first return concert in the square, Yawra was still ecstatic to stand on the sidelines and watch the concert live on a big screen set up for the occasion.
“We all came just for this,” she told Al Jazeera, recounting how friends had flown in from the Philippines for a single night to catch the concert.
Worldwide, more than 18.4 million viewers tuned in for the Netflix livestream of the concert.
Kpop group BTS perform during ‘BTS The Comeback Live Arirang’ concert in central Seoul, South Korea, March 21, 2026 [Kim Hong-ji/Pool/Reuters]
With an estimated 30 million fans worldwide – who refer to themselves as the BTS ARMY – the K-pop group is the most visible symbol of “Hallyu”, or the “Korean Wave”, and the global surge of interest in South Korean popular culture and the financial revenues being generated as a result.
In late March, BTS’s 10th studio album, Arirang, topped the charts in the United States, Japan and the United Kingdom, the world’s three largest music markets. The group’s upcoming world tour is expected to generate more than $1.4bn in revenue across more than 80 shows in 23 countries.
Domestically, inbound tourist numbers for the first 18 days of March rose 32.7 percent from the previous month, according to Ministry of Justice data, as the return concert approached and hotel prices surged across central Seoul amid the demand for rooms.
In the week leading up to the concert, sales of BTS merchandise – from BTS glow sticks to blankets – surged 430 percent at the Shinsegae Duty Free retail outlet in central Seoul, the company said.
Over the concert weekend, revenues also rose 30 percent at the city’s Lotte Department Store and 48 percent at Shinsegae overall, compared with the same March weekend a year earlier, in 2025.
Fans cheer before the BTS The Comeback Live Arirang concert as they wait near the concert venue, in central Seoul, South Korea, on March 21, 2026 [Kim Hong-ji/Reuters]
As far back as 2022, the Korea Culture and Tourism Institute (KCTI) – a government-sponsored think tank and research organisation – estimated that a single BTS concert in Seoul could generate up to 1.2 trillion won ($798m) in overall economic impact.
KCTI researcher Yang Ji-hoon told Al Jazeera that a sample study of the crowd at the BTS comeback event at Gwanghwamun Square highlighted the uniqueness of fandom-driven tourism. More than half of those at the concert were foreign visitors and many required long-haul travel to attend.
“In Europe and the United States, travel tends to be concentrated within its own regions,” Yang said.
“So, for people to overcome such travel barriers and come to South Korea, it usually requires more than just ordinary motivation or typical spending – it’s not something that happens easily,” he said.
K-pop’s transition to the global mainstream
The scale of BTS’s return to the entertainment world reflects a broader state-backed strategy.
When music promoter Hybe requested Seoul city support for the Gwanghwamun square comeback concert, authorities approved it on public-interest grounds, treating the event as a showcase of national cultural influence.
Almost befitting an official event, more than 10,000 state personnel were deployed for security, logistics and crowd control.
According to data retrieved by South Korean publication Sisain, through a public information disclosure request to the Seoul government, close to 130 million won ($87,400) of city funds were spent as part of logistics for the comeback concert.
South Korean government support for BTS has a precedent.
As members of the boyband approached South Korea’s mandatory military service age, policymakers debated special exemptions for members of BTS, which was estimated to have generated $4.65bn annually to the country’s economy.
After BTS’s forthcoming concerts in Mexico City sold out in just 37 minutes, Mexican President Claudia Sheinbaum urged South Korea’s President Lee Jae Myung to “bring the acclaimed K-pop artists more often”, noting nearly one million fans in Mexico had attempted to secure 150,000 tickets.
South Korea’s cultural influence is also extending beyond music.
South Korea’s cosmetics exports surpassed $11bn last year, according to global accountancy firm PricewaterhouseCoopers (PwC), overtaking France in cosmetics shipments to the US, while South Korean food and agricultural exports reached a record $13.6bn, according to data from the Ministry of Agriculture, Food and Rural Affairs.
KCTI researcher Yang described the growing interest as a phase of “transition to the global mainstream”, where South Korean products are internationally recognised and content output is measured against worldwide benchmarks such as the Billboard charts and the Academy Awards.
He also warned that structural reform is now essential to keep pace with the wave of interest in South Korea.
“As the industries expand in scale, they must also evolve in its underlying systems, infrastructure, and workforce,” he said.
“Rather than focusing solely on direct financial support, future governmental policies should move toward strengthening foundational conditions – such as improving labour environments, addressing unfair practices, building relevant infrastructure, and establishing more robust statistical and data systems,” he said.
Politicians appear to be paying attention.
During his election campaign last year, President Lee framed the next phase of cultural expansion as “Hallyu (Korean Wave) 4.0”, with promises to grow the sector into a 300 trillion won ($203bn) industry with 50 trillion won ($34bn) in exports.
In line with this vision, the government set the budget to bolster “K-content”, support the “pure” arts sector and strengthen the overall culture-related fields at a record 9.6 trillion won ($6.5bn) — reflecting the president’s view of the cultural sector as a strategic national industry rather than merely a consumer market.
South Korea’s strategy appears to be paying off.
South Korea now ranks 11th globally in “soft power”, according to Brand Finance’s Global Soft Power Index, placing the country as both “influential in arts and entertainment” and “products and brands the world loves”, just behind the US, France, the United Kingdom and Japan.
The darker side of K-pop: Pressure to become a perfect idol
Amid its global success, the darker side of the K-culture industry has received more scrutiny.
Mega-promoter Hybe has been embroiled in a prolonged dispute with K-pop’s New Jeans, a band considered to be a potential heir to BTS and their all-female colleagues Blackpink. The highly public legal dispute that started in 2024 highlights industry tensions over creative control and artist autonomy.
Since the early 2000s, K-pop has also grappled with the legacy of “slave contracts”, or highly restrictive agreements limiting artists’ freedom. Although reforms by the Fair Trade Commission have improved protections for performers, contractual obligations in the K-pop industry are exacting on new performers and their strict work routines have long been documented.
From their trainee years, aspiring idols endure gruelling schedules that involve long workdays and little sleep.
Many top stars often face contractual restrictions on socialising, using their phones or dating. They are also typically limited in what they can say publicly, relying on agency-managed messaging to communicate with fans and the media.
While the rise of social media and other online platforms has opened new avenues for more direct expression and interaction in recent years, concerns over burnout and depression have continued to shadow the industry, with several high-profile stars taking their own lives.
Beauty standards associated with the K-culture genre have also become another flashpoint for controversy.
A 2024 report by South Korean economy news site Uppity found 98 percent of 1,283 respondents born between 1980 and 2000 viewed physical appearance as among the most desirable “social capital” an individual can possess.
Nearly 40 percent of respondents in the survey had undergone cosmetic procedures, while more than 90 percent held neutral or positive attitudes regarding undergoing medical procedures to enhance beauty.
According to the International Society of Aesthetic Plastic Surgery, South Korea has the world’s highest rate of procedures, with 8.9 per 1,000 people compared with 5.91 per 1,000 people in the US and just 2.13 per 1,000 in neighbouring Japan.
Yoo Seung-chul, a professor of media studies at Ewha Womans University in Seoul, said that K-culture has reinforced the normalising of beauty as a significant metric of personal and social value.
“K-culture has reinforced systems and structures around self-expression,” Yoo told Al Jazeera.
“With the rise of webtoons that incorporate themes like plastic surgery, there has been a noticeable reduction in the stigma towards going under the knife among younger audiences in their teens and early twenties,” Yoo said, explaining that popular plastic surgery platforms such as Unni have further normalised the trend by connecting people to clinics and reviews of these clinics and their surgeons.
At the same time, globalisation has reshaped the K-culture industry itself. Many new K-pop acts now include international members to broaden appeal.
Hybe has expanded this strategy through its US subsidiary, Hybe America, producing globally oriented groups like Katseye, which only has one South Korean member in its six-member girl group.
The shift has prompted debate.
Even BTS’s latest album Arirang – a nod to South Korea’s most iconic folk song – has divided fans over its use of English lyrics and foreign producers.
“K-content is being designed with global audiences in mind from the outset. In film, there has been a noticeable rise in genres like horror and science fiction, which are easier to export internationally,” Yoo said.
“This global orientation is also reflected in K-pop agencies recruiting foreign members for idol groups,” he said.
But international audiences do not always prefer highly globalised versions of Korean content, Yoo said, adding, in fact, that many are drawn to K-pop’s “sense of locality”.
As audiences increasingly seek authenticity, Yoo argues the industry faces a defining challenge.
“Industries and companies need to figure out how to preserve a sense of local identity while effectively marketing to global audiences,” Yoo added.
“Striking that balance will be crucial in shaping the next phase of Korea’s cultural exports.”
Workers are gathering in cities around the world to mark International Labour Day, with some demonstrations, such as those in Istanbul, Turkiye, turning to scuffles with police.
Trade Unions are calling for solidarity and the protection of workers’ rights as the United States-Israeli war on Iran and rising energy costs raise concerns about the global economy.
“Working people refuse to pay the price for Donald Trump’s war in the Middle East,” the European Trade Union Confederation, which represents 93 trade union organisations in 41 European countries, told the media. “Today’s rallies show working people will not stand by and see their jobs and living standards destroyed.”
Josua Mata, leader of the SENTRO umbrella group of workers’ groups in the Philippines, said: “Every Filipino worker now is aware that the situation here is deeply connected to the global crisis.”
Renato Reyes, a leader of the left-wing political group Bayan in the Philippines, told The Associated Press: “There will be a louder call for higher wages and economic relief because of the unprecedented spikes in fuel prices.”
In Indonesia, Said Iqbal, president of the Indonesian Trade Union Confederation, told reporters: “Workers are already living pay cheque to pay cheque.”
Some of the largest demonstrations are being held in South America, including in Chile, Bolivia and Venezuela. In Argentina, angry workers protested on Thursday in the capital of Buenos Aires over President Javier Milei’s recent overhaul of long-held labour protections.
In Cuba, the foreign ministry held a gathering on Thursday in defiance of what it called the US’s “aggressions, threats, intensified blockade, and energy siege”.
On Friday, Cubans are expected to mark International Labour Day with a mass rally and a march in Havana.
In many countries, Labour Day rallies attract large crowds because May 1 is a public holiday. In the Turkish city of Istanbul, roads around Taksim Square were closed to make way for marches during the day. Later on Friday, demonstrators clashed with police, international media reported.
In France, where most people have the day off for May Day, workers’ unions using the slogan “bread, peace and freedom” called for protests in Paris and other cities.
Global recession fears
Fears of a global recession are looming over Labour Day rallies at a time when income inequality is growing.
In Gaza, Palestinian workers have cancelled May Day events because of the economic crisis caused by Israel’s genocidal war on Gaza and poor conditions on the ground.
The Palestinian General Federation of Trade Unions said that about 550,000 workers across Gaza and the West Bank have no income and that the situation is unprecedented.
The International Trade Union Confederation has reported that at least four CEOs of major corporations each pocketed more than $100m in pay and bonuses last year, while many workers are facing potential job cuts.
Workers’ rights coalitions are calling for urgent action to curb extreme wealth. They want governments to impose higher, fairer taxes on the wealthiest and limit excessive executive pay.
While Labour Day began in the US, when workers protested for an eight-hour workday in the 1880s, the US does not count May Day as a public holiday.
However, an umbrella group of activist and workers’ groups known as May Day Strong has called for protests under the slogan, “workers over billionaires”. Hundreds of demonstrations and marches have been planned across the US.
ATHENS, Georgia — Fresh from a marathon trip to Pakistan that failed to reach a deal for ending the war with Iran, Vice President JD Vance jetted to this Georgia college town for a campus tour organized by the conservative powerhouse Turning Point USA.
But instead of showcasing the youthful energy that the organization harnessed to return President Trump to the White House less than two years ago, there was a mostly empty arena, awkward questions and unusually sharp criticism.
The event affirmed Trump’s difficulty selling the war and how much he’s complicated his own political fortunes by assailing Pope Leo XIV and posting a social media meme that depicted himself as Jesus.
“I did vote for Trump. I am not a Trump supporter anymore,” said Joseph Bercher, a Catholic who said he was glad that Leo has expressed opposition to the war with Iran.
Bercher said the Jesus meme, which the president took down Monday after a rare conservative backlash, was a “red flag” indicating Trump’s true character.
“He sees himself as like a demagogue or someone to be worshipped,” Bercher said.
C.J. Santini, a recent graduate of Liberty University, an evangelical school in Virginia, said he didn’t have an opinion on whether Iran was truly close to manufacturing a nuclear weapon and thus needed to be attacked. But he laughed and shook his head when asked about Trump attacking Leo.
“It’s just stupid. Stupid,” he said, calling it a “distraction” from Trump’s agenda in Iran and at home.
Mostly empty arena contrasts with 2024 rallies
Many of the college-age attendees donned Turning Point attire, Trump hats and red-white-and-blue paraphernalia for the event. Yet they were outnumbered more than 2-to-1 by empty seats in what is not even the largest arena on this sprawling campus that sits about a 90-minute drive from downtown Atlanta.
A Marine veteran who served in Iraq, Vance acknowledged that not all young conservatives are enamored with another U.S. war in the Middle East.
“I’m not saying you have to agree with me on every issue,” Vance told the young crowd. “What I’m saying,” he added, “is don’t get disengaged.”
The vice president took questions from Turning Point executive Andrew Kolvet instead of Erika Kirk, who began leading the organization after the assassination of her husband Charlie Kirk. Kolvet said Erika Kirk canceled her plans to be on stage because of unspecified threats she had received.
Vance, whose presence ensured significant Secret Service and other law enforcement protection around the venue, said he’d been worried that the event would be canceled altogether.
Kolvet asked Vance directly about the war and Trump’s back-and-forth with Leo. Audience questions were more aggressive. Vance jousted with at least one heckler over the war in Gaza, and he was pressed by another person over the administration’s handling of the Jeffrey Epstein case files.
In the audience, even some of Vance’s sympathetic listeners offered caveats and critiques.
“The pope needs to stay out of politics,” said Jessie Williams, a Methodist. But he noted his mother is Catholic, and he said he understands why Catholics recoil at Trump calling the pope “weak” and suggesting that the first U.S.-born pontiff was chosen only as a counter to Trump.
Williams called Trump’s meme distasteful.
“I don’t like it, but it’s — what can we do?” Williams said. “He’s a grown man, he’s gonna do what he wants.”
Blake McCluggage, a Baptist, said he did not approve of the meme or Trump’s profane Easter Sunday message that threatened widespread destruction of Iran’s civilian infrastructure.
The threat, plus Trump’s follow up message that a “whole civilization” would die, prompted escalating criticism from Leo, with the pope calling the president’s comments “truly unacceptable.”
However, McCluggage said, “you can still be a Republican” despite disagreeing with Trump.
A day before coming to Georgia, Vance tried to laugh off the meme as a joke that “a lot of people weren’t understanding.” The vice president also seemed to echo Trump’s assertion that Leo should concentrate less on global affairs.
“It would be best for the Vatican to stick to matters of morality, to stick to matters of what’s going on in the Catholic church and let the president of the United States stick to dictating American public policy,” Vance said in a Fox News interview.
On stage in Athens, he shifted his arguments, saying he welcomes Leo’s comments even if he disagrees with them.
“At the very least, it invites conversation,” said Vance, who converted to Catholicism as an adult.
Still, Vance questioned Leo anew, pushing back specifically at the pope’s Palm Sunday assertion that God does not hear the prayers of those who make war. Leo was quoting scripture from the Old Testament book of Isaiah. Vance asked whether God was on the side of Allied forces in World War II as they liberated Jewish survivors of Nazi extermination camps.
“I certainly think the answer is yes,” Vance said. When Leo mixes global affairs and complex theology, Vance said, “it’s very important for the pope to be careful.”
Barrow and Megnien write for the Associated Press.
A rolling wave of “No Kings” protests swelled through America’s small towns and big cities Saturday, with crowds gathering to blast President Trump, Immigration and Customs Enforcement crackdowns, the war in Iran and high gas and food prices.
Saturday’s demonstrations were expected to draw millions of people nationwide, including thousands for a downtown Los Angeles rally. More than 40 protests were planned for L.A., Orange and Ventura counties, part of the national “No Kings Day of Nonviolent Action.”
No Kings Coalition organizers were hoping that turnout for the rallies in all 50 states could combine to form the largest single-day protest in U.S. history. They pointed to growing anger over the country’s direction, including fatal ICE shootings and troops dispatched to the Middle East, since the first “No Kings” demonstration was held last June.
On Saturday morning, hundreds gathered around the reflecting pool at Pasadena City College. A band rolled through with a fascism-themed parody of Johnny Cash’s “Folsom Prison Blues.” Sign-toting protesters lined Colorado Boulevard, drawing a constant stream of honking from the cars driving by. For many, the Iran war was top of mind.
“Every time we protest, there’s something completely new, which speaks to the chaos of the Trump administration,” Cindy Campbell told The Times. “ICE raids last year, Epstein files a few months ago. Now, war.”
“This administration doesn’t serve us. It serves billionaires,” said Kent Miller, of Monrovia, who participated in the Pasadena protest. “War with Iran is only making life harder for working people.”
Miller pointed to a Chevron gas station advertising gas for $6.45 per gallon.
“See?” he said.
National coordinators said there has been increased interest in smaller communities, including Republican bastions, with higher-than-expected attendance during Saturday’s protests.
“I’m out here because I’m disgusted with what I’m seeing,” said Kersty Kinsey, a mother who was protesting near the Beaufort, S.C., City Hall. “People are suffering, and he’s playing golf. People are suffering, and he’s going other places and blowing things up.”
In Beaufort, an antebellum city founded in 1711, an estimated 3,000 people turned out — a marked increase over earlier “No Kings” rallies, said Barb Nash, one of the coordinators. Amid the moss-draped live oaks and blooming pink and white azaleas, a person in a purple Barney dinosaur costume held a sign reading: “Dino’s for Democracy.” A young girl handed out homemade “Resistance Cookies.”
Los Angeles coordinators said they expect more than 100,000 people at the local events, which were being planned for Beverly Hills, Burbank, West Covina, West Hollywood and Thousand Oaks. One group planned a “Road Outrage” car caravan to motor through Mid City with flapping flags calling for “No War,” and “ICE Out of LA.” At a Torrance gathering, cars honked, protesters waved flags, and a person in an inflatable green cow costume hoisted a large American flag.
The White House, in a Saturday statement, dismissed the protests as a “Trump Derangement Therapy Session.”
Organizers said they have been particularly encouraged by the surge of interest from groups in rural communities that wanted to join the loose-knit No Kings Coalition and hold protests.
Jaynie Parrish, founder of the Arizona Native Vote project, started planning a protest for her tiny town of Kayenta, on the Navajo Nation in northern Arizona, only earlier this week.
“My dad, who’s a [military] veteran and an elder, said: ‘We should go,’ and I said, ‘OK,’” Parrish told The Times.
“Our folks don’t always protest for things, but this was very important,” Parrish said. “A lot of our families are feeling the impacts right now of higher prices and things being cut. A lot of our healthcare benefits are being cut … and our tribal sovereignty is being threatened.”
Upbeat Midwestern activists withstood whipping winds to form a line of protesters stretching nearly three blocks of Burlington Avenue in Hastings, Neb. Under the crisp blue skies, one of the protesters, Drew Fausett, told The Times in a phone interview that he is a registered Republican in the decidedly red state.
“My politics haven’t really changed — but the party around me has,” Fausett said. “It used to be the two parties were two sides of the same coin, and they would work together — but not anymore.”
He and his wife, Becky, have attended “No Kings” and other protests because “it’s the only way to show that people have different opinions,” he said. “People are out here speaking for their families and their neighbors. That’s what this is all about.”
Trump’s policies are hurting many in Nebraska — including farmers, said Debby Thompson, one of the Hastings organizers.
“We want to urge our representatives in Congress to not just rubber stamp whatever Trump wants because it’s really hurting rural folks and farmers,” Thompson said. “The tariffs and huge increase in prices on fertilizer are hitting farmers really hard.”
The “No Kings” campaign sprouted in June as an act of defiance on Trump’s 79th birthday. He wanted a military parade in Washington to mark his milestone, and anti-Trump protesters came out in force — an estimated 5 million people around the country — with their own display. At the time, Trump’s second-term policies were coming into focus, including ramping up immigration raids, deploying the National Guard to L.A. in response to protests, and mass firings within the federal government.
A subsequent event in mid-October drew even larger crowds, with an estimated 7 million people protesting around the country.
Saturday’s event coincided with a dip in Trump’s approval ratings. A Reuters/Ipsos poll last week found 36% approve of Trump’s job performance, marking the lowest level since his return to office last year. In a separate Fox News Poll released last week, 59% disapproved of his job performance.
“Since the last ‘No Kings,’ we’re seeing higher gas prices and groceries, all while there’s an illegal war in Iran,” national organizer Sarah Parker of the organization 50501 said during a Thursday press briefing. “We’ve also seen our neighbors executed — American citizens executed.”
Widespread protests and candlelight vigils followed January’s fatal shootings by ICE agents in Minneapolis of Renee Good, a 37-year-old mother of three, and Alex Pretti, a 37-year-old intensive care unit nurse.
“The defining story of this Saturday’s mobilization is not just how many people are protesting — but where they are protesting,” Leah Greenberg, co-founder of Indivisible, said during the press briefing. She said two-thirds of the RSVPs to national organizers came from outside of major urban centers.
The Los Angeles event was organized by the local chapter of 50501 (short for “50 protests, 50 states, 1 movement”) and other progressive groups, including the ACLU, Human Rights Campaign, Indivisible and Public Citizen, as well as labor unions such as Unite Here Local 11 and the Service Workers International Union.
“There’s an affordability crisis in this country — people can’t afford groceries or healthcare,” Joseph Bryant, SEIU executive vice president, said in a statement. “But this administration is focused on expanding its power, starting unnecessary wars that benefit billionaires, and targeting immigrants and citizens who dare to stand up for them.”
Videos show large demonstrations in Tehran, where crowds waved Iranian flags and chanted in support of the government. The rallies come as Iranian media highlights public backing amid the US-Israeli war on the country.
A smelter of Korea Zinc. The company is scheduled to hold a high-stakes shareholders’ meeting Tuesday. Photo by Korea Zinc
SEOUL, March 20 (UPI) — Korea Zinc’s incumbent management and its major shareholder, Young Poong, are locked in a fierce showdown ahead of a regular shareholders’ meeting Tuesday.
The world’s largest non-ferrous metal producer said Friday that it posted record sales and profits last year, which led to high dividends and other shareholder-friendly policies.
Citing the strong performance, Korea Zinc has called for the leadership continuity, as the 2026 shareholders’ meeting would select at least five board members out of 15 seats. The term of Chairman Yun B. Choi is also set to expire.
“We believe that our continued efforts to improve corporate governance and expand shareholder returns have laid the foundation to steadily grow our business and operate our organization in a stable manner,” the firm said in a statement.
But, Young Poong argued that proxy advisers and the National Pension Service, another key Korea Zinc shareholder, have effectively supported its position by opposing the reappointment of Choi as an inside director.
According to Young Poong, such decisions suggest that “this is no longer merely a management control dispute, but judgment over potential structural flaws in corporate governance and failures of oversight.”
Since early 2025, Korea Zinc has been fighting to repel an aggressive takeover bid from Young Poong, which has teamed up with the country’s leading private equity firm, MBK Partners.
The battle came to a head at the March 2025 shareholders’ meeting, and another high-stakes clash is looming at this month’s gathering.
Each side reportedly controls roughly 40% of the voting shares, while NPS holds a 5.2% stake.
Meanwhile, the labor union at Korea Zinc expressed strong support for the current board, urging the NPS to immediately reverse its decision.
“We will fight to the end to prevent the dark hand of speculative capital from tainting our sacred workplace at this shareholders’ meeting,” the union said in a statement.
“If our warning is ignored and the company is undermined, we will mobilize all possible means, including a general strike, to wage an all-out struggle,” it said.