Kim Byung-ju, chairman of MBK Partners, has committed to personally fund payments to small business suppliers of Homeplus, a company facing rehabilitation. The payments are expected to total hundreds of billions of won. MBK Partners, which has operated Homeplus since its acquisition in 2015, applied for corporate rehabilitation last month after a credit rating downgrade. The move was criticised by the public, leading to pressure on Kim to contribute personally.
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Auto-posted at: 2025-03-16 21:54:08