{"id":261161,"date":"2026-05-21T01:25:54","date_gmt":"2026-05-20T16:25:54","guid":{"rendered":"https:\/\/tenbizt.com\/en\/news\/uncategorized\/2026\/05\/21\/mbk-partners-threatens-koreas-economic-security-what-are-candidates-plans\/"},"modified":"2026-05-21T01:25:54","modified_gmt":"2026-05-20T16:25:54","slug":"mbk-partners-threatens-koreas-economic-security-what-are-candidates-plans","status":"publish","type":"post","link":"https:\/\/tenbizt.com\/en\/news\/politics\/2026\/05\/21\/mbk-partners-threatens-koreas-economic-security-what-are-candidates-plans\/","title":{"rendered":"MBK Partners Threatens Korea’s Economic Security: What Are Candidates’ Plans?"},"content":{"rendered":"
\n
\"Labor\"
\n Labor union delivers petition to candidate Kim Du-gyeom \/ Tour Korea News reporter Kim Kyung-nam
\n <\/figcaption><\/figure>\n<\/div>\n

[Tour Korea = Reporter Kim Kyung-nam]<\/p>\n

The Korea Zinc Labor Union (hereafter the Korea Zinc Union) delivered policy proposals to the Democratic Party, the People Power Party, and the Progressive Party candidates competing in the Ulsan mayoral race.<\/p>\n

The union\u2019s proposals emphasize protecting Korea Zinc \u2014 a linchpin of national infrastructure and a key domestic producer of strategic minerals \u2014 and ensuring job security for its workers.<\/p>\n

The union pointed to recent actions by other governments to protect strategic industries for economic and security reasons: Japan blocked MBK Partners\u2019 acquisition of Makino milling machines to safeguard core technologies, and Australia ordered divestment by Chinese shareholders in domestic rare-earth firms. The union said these cases show how actively major governments are defending strategic industries from threats to national economic and security interests.<\/p>\n

The Korea Zinc Union argued that the public and policymakers must seriously consider what true industrial and economic security looks like for workers and citizens, and how responsible governments and political leaders should respond.<\/p>\n

The union added that it is frustrated that, while the major private equity firm MBK has for three years beginning in 2024 persistently targeted Korea Zinc \u2014 a flagship local company in Ulsan that plays a central role in national infrastructure and South Korea\u2019s economic security \u2014 and has not abandoned hostile takeover attempts, the national government and political parties have appeared passive. Expressing admiration for the responses of Japan and Australia, the union delivered its policy proposals to each mayoral candidate.<\/p>\n

The proposal urges candidates to \u25b2 declare protecting Korea Zinc \u2014 a national infrastructure asset and core minerals production base \u2014 as their top economic pledge; \u25b2 adopt a clear policy stance opposing MBK\u2019s predatory incursions into national infrastructure and present concrete measures to block them; and \u25b2 demand robust safeguards to prevent MBK-style takeovers.<\/p>\n

Lee Eun-sun, the union chair, said, \u201cWe will watch closely to see who has the courage to defend Ulsan\u2019s local companies and the nation\u2019s critical economic and security assets, and who is fit to lead Ulsan\u2019s future and its economy.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The Korea Zinc Labor Union presented policy proposals to candidates in the Ulsan mayoral election, focusing on job security and protecting the company.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_thumbnail_url":"https:\/\/cdn-union.tenbizt.com\/contents\/crawler-dev\/thumbnail\/2026\/05\/CP-2024-0040\/thumb-e6ea0404-672a-49cb-9f0d-d7a6e10c4106.jpg","footnotes":""},"categories":[278093],"tags":[],"class_list":["post-261161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"yoast_head":"\nMBK Partners Threatens Korea's Economic Security: What Are Candidates' Plans?<\/title>\n<meta name=\"description\" content=\"The Korea Zinc Labor Union presented policy proposals to candidates in the Ulsan mayoral election, focusing on job security and protecting the company.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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