Tag: mbk partners

mbk partners

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A person walks past a Homeplus storefront with a large red sign in downtown Seoul.

MBK faces business suspension as regulator moves against management of Homeplus

The Financial Supervisory Service is expected to propose a suspension of duties for the firm, as the retailer’s survival hangs on a court decision and an emergency funding fight.

2026.7.3

Korea Zinc, Homeplus unions form united front against MBK Partners

The unions demanded that MBK Partners halt its Korea Zinc takeover bid and address the worsening crisis at Homeplus, warning of risks to jobs and national security.

2026.7.1

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The headquarters of MBK Partners in Jongno District, central Seoul, on April 24, 2025. [NEWS1]

MBK Partners' acquisition of Japanese manufacturer halted by Tokyo citing nat'l security risk

The Japanese government has slammed the brakes on Korean firm MBK Partners' acquisition of Japanese machine tool manufacturer Makino Milling Machine, citing "a risk to national security."

2026.4.23

Michael ByungJu Kim, chairman of MBK Partners, arrives at the Seoul Central District Court in Seocho District, southern Seoul, on Jan. 13 for a pretrial detention hearing. [YONHAP]

MBK chief Michael ByungJu Kim avoids arrest, but legal proceedings remain

The chairman of private equity firm MBK Partners, Michael ByungJu Kim, and several executives were arrested on Tuesday on charges of fraud and violation of the Capital Markets Act in relation to Homeplus.

2026.1.14

Korea Zinc Chairman Choi Yun-birm speaks during an interview with the Yonhap News Agency on Jan. 9. [YONHAP]

Seoul court dismisses injunction, paving way for Korea Zinc’s U.S. smelter investment

A Seoul court on Wednesday dismissed an injunction sought by MBK Partners-Young Poong alliance against Korea Zinc, clearing the way for the company’s plan to issue third-party shares for its $7.4 billion investment project in the United States.

2025.12.24

MBK Partners Chairman apologizes for Homeplus scandal

Homeplus CEO Kim Kwang-il, left, and MBK Partners Chairman Michael ByungJu Kim listen to lawmakers’ questions during the annual parliamentary audit. During the session, Chairman Kim issued a public apology over the Homeplus scandal.

2025.10.14

A Homeplus store in Seoul on Aug. 31, 2025 [YONHAP]

MBK Partners to put 200 billion won more into troubled retailer Homeplus

MBK Partners said Wednesday it will inject an additional 200 billion won ($143 million) into financially troubled discount store chain Homeplus in an effort to expedite the retailer's recovery.

2025.9.24

Lotte Group brand hit by Lotte Card hack, despite no longer being major shareholder

Lotte Group is reeling from reputational damage stemming from the recent hacking incident at Lotte Card — despite the company no longer being part of the group.

2025.9.21

The Homeplus Incheon Sungui branch in Incheon on May 27 [NEWS1]

Homeplus enters 'survival' mode with closure of 15 stores

The embattled retail chain, currently under a court-led corporate rehabilitation process, will sequentially close 15 stores nationwide where rent adjustment negotiations have failed.

2025.8.13

A Homeplus branch in central Seoul is seen before opening hours on April 22. [NEWS1]

Prosecution raids Homeplus headquarters in fraud investigation

Prosecutors investigating the Homeplus case raided the company's headquarters on Monday, looking into allegations of fraud.

2025.4.28