Korea Joongang Daily
Korea JoongAng Daily

Homeplus CEOs apologize, ask for understanding as payments are processed

Homeplus co-CEOs apologized to investors and retailers while asking for understanding from shareholders, with the supermarket chain processing receivables for small partners first.

2025-03-14

MBK Partners hit with tax probe as Homeplus debacle draws parliamentary scrutiny

MBK Partners has been hit with an irregular tax probe over the Homeplus financial debacle, prompting parliament to summon the group's chairman, vice chairman and the supermarket chain's CEO for a hearing.

2025-03-12

MBK’s rehabilitation move sparks concerns over short-termism in private equity

Homeplus’s crisis is fueling scrutiny of parent company MBK Partners and private equity’s role in corporate failures.

2025-03-07

Homeplus avoided liquidity crisis. Its parent company could lose a much bigger fight.

Homeplus enters corporate rehabilitation, raising doubts about MBK Partners' management struggle with Korea Zinc.

2025-03-05

Homeplus enters corporate rehabilitation to head off effects of credit rating drop

Homeplus entered corporate rehabilitation in a bid to get ahead of liquidity concerns, particularly those pertaining to short-term cash flow, in the wake of a cut to its credit rating.

2025-03-04

Korea Zinc caps board membership in moves to derail Young Poong takeover

In an extraordinary shareholder meeting on Thursday, Korea Zinc voted to cap its board membership and adopt a "cumulative voting system," both moves that bolster the defense of Chairman Choi Yun-beom.

2025-01-23

Court decision blocks Korea Zinc from implementing board voting system

The Seoul Central District Court approved an injunction filed by the MBK Partners-Young Poong coalition aimed at blocking Korea Zinc from implementing a voting system that could favorably aid Chairman Choi Yun-beom.

2025-01-21

Korea Zinc seeks edge in management war with shareholder voting scheme

Korea Zinc Chairman Choi Yun-beom has pulled an ace from his sleeve in the management battle against MBK Partners-Young Poong coalition with a proposed change to voting for the board of directors.

2024-12-26

Korea Zinc seeks 'core technology' designation in latest attempt to block takeover

Korea Zinc is facing management control issues with major stakeholders, focusing on listing refining technologies as national core technologies to fend off foreign acquisition attempts.

2024-12-10

Australian politicians voice worries over Korea Zinc takeover dispute

Australian politicians are urging an end to Korea Zinc's ownership dispute with MBK Partners, citing potential setbacks in clean energy projects, job losses in Townsville, and risks to proprietary technologies.

2024-11-14