FSS to investigate MBK Partners over Homeplus rehabilitation filing

The Financial Supervisory Service (FSS) will investigate MBK Partners, Korea’s largest private equity firm, following Homeplus' recent court-led rehabilitation filing, the regulator's governor said during a press briefing on Wednesday.

2025-03-19

Godfather or nemesis? Korea's richest man stands on a precipice

Michael Kim, founder of MBK Partners, faces scrutiny amid controversial dealings and increasing legal challenges in Korea.

2025-03-19

MBK chair slammed for skipping parliamentary hearing on Homeplus debacle

MBK Partners Chairman Michael ByungJu Kim failed to attend a parliamentary hearing on Tuesday that he was summoned to over Homeplus’s liquidity crisis.

2025-03-18

MBK Partners CEO to pony up personal cash to ensure payments to Homeplus suppliers

Kim Byung-ju, chairman of Homeplus's major stockholder MBK Partners, will contribute his private funds to ensure that small businesses supplying goods to the beleaguered retailer receive payments.

2025-03-16

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

Make Homeplus great again: Amcham partners with chain under 'Buy America' initiative

The American Chamber of Commerce in Korea has partnered with Homeplus on a "Buy America" initiative.

2025-03-13

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

Investor losses on Homeplus likely to grow as debt estimate balloons to $413M

Investors are likely to incur even more extreme losses related to Homeplus as it was found that parent company MBK Partners was issuing commercial paper up to the court receivership, with an estimated total of 600 billion won in debt.

2025-03-10

State pension fund retrieves half of investment in Homeplus

Korea's state pension fund said Friday it has recovered about half of its total investment at major retailer Homeplus.

2025-03-07

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.