Tag: MBK

MBK

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Korea Zinc Executive Chairman Choi Yun-birm speaks at a session held during the International Energy Agency ministerial meeting in Paris on Feb. 18. [YONHAP]

Korea Zinc retains upper hand over MBK-Young Poong side in contentious board elections

Korea Zinc retained the upper hand on Tuesday in its ongoing boardroom battle with its largest shareholder alliance of MBK Partners and Young Poong, filling more than half of the newly elected board seats with nominees aligned with the company.

2026.3.24

Korea Zinc headquarters in central Seoul [YONHAP]

North American pension funds back Korea Zinc’s recommended board candidates

North American pension funds have voiced support for Korea Zinc’s recommended board candidates, including Chairman Choi Yun-birm, ahead of the smelter’s annual general meeting scheduled for Tuesday.

2026.3.23

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Korea Zinc Chairman Choi Yun-birm speaks during a session at the 2026 IEA Ministerial Meeting in France on Feb. 18. [YONHAP]

Korea Zinc labor union blasts NPS for withholding vote to reappoint corporate chair to board

Korea Zinc’s labor union criticized the state-run pension fund’s decision to withhold its vote on the corporate chairman’s reappointment as an internal board member, calling it a failure to safeguard a national strategic industry.

2026.3.22

MBK Partners Chairman Michael ByungJu Kim adjusts his glasses as he appears at a National Assembly hearing in Yeouido, western Seoul, on Oct. 14, over the scandal surrounding Homeplus. [YONHAP]

Homeplus fraud pegged at $79M as MBK Chairman Kim faces warrant review

Prosecutors estimate that 116.4 billion won ($86 million) in alleged fraud was committed in relation to Homeplus as they move against the executives of MBK Partners, the owner of the beleaguered retail chain.

2026.1.12

Kim Byung-ju, chairman of private equity firm MBK Partners, attends an audit by the National Assembly's National Policy Committee on Oct. 14, 2025. [YONHAP]

Chairman of MBK Partners faces arrest warrant hearing this week

The chairman of private equity firm MBK Partners, Kim Byung-ju, and three other senior executives, were set to face a hearing this week on whether to issue arrest warrants for them over questionable sales of short-term bond of retailer Homeplus.

2026.1.11

Prosecutors request arrest warrant for chairman of MBK Partners over Homeplus

Prosecutors have sought a warrant for the chairman of private equity firm MBK Partners, Kim Byung-ju, to question him over the management of troubled retailer Homeplus, according to sources familiar with the matter Thursday.

2026.1.8

A Homeplus supermarket in Seoul on Oct. 31 [NEWS1]

FSS proposes heavy sanctions against MBK Partners over investor fund violations in Homeplus case

The Financial Supervisory Service (FSS) has issued a preliminary notice of heavy disciplinary action against MBK Partners in relation to its acquisition of retailer Homeplus.

2025.11.23

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

A member of a Homeplus labor union sheds tears at a rally held on April 14 in front of MBK Partners' headquarters in Jongno District, central Seoul. [NEWS1]

FSS begins disciplinary measures against MBK Partners over Homeplus scandal

The financial watchdog began official disciplinary measures against MBK Partners with a formal inspection opinion regarding the Homeplus scandal, in addition to a field inspection of the company that took place earlier this week.

2025.8.31