On the 24th, as prosecutors searched MBK Partners, it was confirmed that an employee of NH Investment & Securities was also subjected to a search on that day.
According to the investment banking (IB) industry on that day, the Financial and Securities Crime Joint Investigation Unit at the Southern District Prosecutors' Office of Seoul (Director General Ahn Chang-joo) conducted a search on one employee of NH Investment & Securities. This was carried out in relation to a management rights dispute involving Korea Zinc, and it is said that the search was not conducted concerning NH Investment & Securities's management for public buying or acquisition finance. NH Investment & Securities served as the manager during the public buying of Korea Zinc stocks conducted by MBK Partners last year and had provided public buying funds in the form of a bridge loan.
On that day, prosecutors also conducted searches at a total of 12 locations, including the MBK headquarters in Jongno-gu, Seoul, and the residences of executives. It was reported that the searches were conducted to determine whether undisclosed information was used in connection with the management rights dispute; however, MBK stated, "In relation to the previous day's search on Korea Zinc, we were searched as a reference to collect materials related to the allegations of unfair trading regarding Korea Zinc's capital increase attempt."