Korea Joongang Daily
Korea JoongAng Daily

Deadline for Homeplus's rehabilitation plan extended by 2 months

The deadline for Homeplus’s rehabilitation plan has been extended by two months, just one day before the expiration of its court-supervised restructuring period, averting potential bankruptcy or liquidation proceedings.

2026-03-03

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.

2026-01-14

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.

2026-01-08

FSC to get stricter on private equity funds in wake of Homeplus collapse

The financial watchdog will tighten oversight of private equity funds by introducing tougher rules on excessive borrowing and misconduct, following criticism that buyout firms prioritize short-term profits at the expense of financial stability.

2025-12-22

Homeplus faces supply disruptions as companies suspend shipments amid liquidity crisis

The presidential office said Sunday it has established task force teams to support Korea's working-level negotiations with the United States on nuclear-powered submarines, uranium enrichment and Korea's share of defense costs.

2025-12-07

With no suitable bidders, Homeplus faces uncertain future as lawmakers and labor squabble

The fate of Homeplus’ corporate rehabilitation has entered uncertain waters after no bidders submitted proposals in the main auction held Wednesday. If a second round of bidding fails, liquidation could become a real possibility.

2025-11-27

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 light flickers at the end of the Homeplus tunnel with one bidder confirmed

Homeplus has drawn at least one bidder in its open sale process, offering a potential lifeline for the troubled retailer as it navigates court receivership and mounting political pressure over its future.

2025-10-31

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

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.

2025-09-24