# HMG Global acquires 5% stake in Korea Zinc for $527.2B

HMG Global, a foreign entity established by Hyundai Motor Group, acquired a 5% stake in Korea Zinc for approximately 527.2 billion won ($527.2 million). The stake acquisition strengthens collaboration in the EV battery value chain.

- Type: Acquisition
- Announced: 2023-08-30
- Where: South Korea
- Value: $527.2M (527.2B KRW)
- Status: announced
- Products: nickel, EV battery materials
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Korea Zinc](https://endata.com/companies/35360.md) (target)
- [HMG Global](https://endata.com/companies/72353.md) (acquirer)

## Sources

- [biz.newdaily.co.kr](https://biz.newdaily.co.kr/site/data/html/2023/08/30/2023083000241.html), 2023-08-30: "HMG Global will acquire a 5% stake in Korea Zinc for approximately 527.2 billion won."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.