Korea Zinc’s shares rose sharply a day after the world’s leading zinc smelter decided to adopt new rules that management said would bolster minority shareholders’ rights.

Shareholders of Korea Zinc , the world's largest zinc refiner, voted in favour of seven board members nominated by current management, results at a shareholders' meeting on Thursday showed.

Shares in Korea Zinc Co. jumped as much as 10% on Monday after the nation’s biggest pension fund agreed to vote in favor of some proposals put forward by Chief Executive Officer Yun B. Choi at this week’s special shareholders meeting.

Korea Zinc Chairman Choi Yun-beom retained control of the company during a shareholders’ meeting on Jan. 23, with key proposals, including the adoption of a cumulative voting system and a cap on board members at 19,

Korea Zinc held a special shareholders' meeting on Thursday to elect new board members, opening another chapter in a bitter four-month takeover battle for the world's top refined zinc producer. In the meeting finally held after hours of delay,