Tag: MBK Partners

MBK Partners

Latest News

Half-price beef, 3,490 won chicken: Homeplus reopens all 67 stores and tests survival with deep discounts

The struggling retailer is offering up to 50 percent off beef, pork and other goods as it resumes operations and seeks approval for its rehabilitation plan.

2026.8.12

Korea weighs curbs on private equity in strategic industries after Korea Zinc-MBK battle

Financial regulators are considering legislation to limit private equity takeovers in strategic industries after the recent Homeplus bankruptcy and Korea Zinc cases.

2026.7.29

Most popular

Homeplus rehabilitation proceedings back on after securing 200 billion won loan

The hypermarket chain can now proceed with restructuring after the Seoul Bankruptcy Court initially scuttled the process over cash concerns.

2026.7.21

Homeplus eyes reopening of closed stores after $135M Meritz loan deal

After a court dismissed the hypermarket's rehabilitation proposal, a last-ditch effort by the financial group and MBK Partners may allow operations to resume.

2026.7.16

Homeplus pursues 200 billion won lifeline to stave off bankruptcy

Meritz Financial and MBK Partners are weighing an emergency funding plan that could help Homeplus avoid bankruptcy and restart its recovery.

2026.7.15

An underground entry to Homeplus branch in Seoul on July 5

DP pressures MBK, Meritz to provide 100 billion won in emergency funds as Homeplus faces liquidation

In response, MBK Partners reportedly requested a 200 billion won loan agreement while Meritz Financial Group insisted that legal reviews and board approval were prerequisites for the funds' release.

2026.7.9

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

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