US EditionSouth Korean Prosecutors Seek Arrest Warrant for MBK Partners Chief
Prosecutors allege MBK executives issued asset-backed bonds before Homeplus credit rating downgrade, harming investors and complicating court-led rehabilitation efforts.
4 Articles
4 Articles
MBK legal woes raise uncertainty over Homeplus restructuring, Korea Zinc control
Key issues involving MBK Partners, including the court-led Homeplus rehabilitation proceedings and the ongoing management control dispute at Korea Zinc, have fallen into uncertainty after prosecutors sought arrest warrants for four senior MBK executives, including Chairman Michael ByungJu Kim, over controversy surrounding Homeplus’ rehabilitation filing, industry officials said Thursday. The Seoul Central District Prosecutors’ Office requested a…
Korea Prosecutors Seek Arrest Warrant for Private Equity Billionaire
(Bloomberg) — South Korean prosecutors said they have sought an arrest warrant for Michael ByungJu Kim, the billionaire co-founder and chairman of MBK Partners Ltd, marking a sharp escalation in the long-simmering dispute over the firm’s management of beleaguered supermarket chain Homeplus.
[Digital Daily Reporter Kang Ki-hoon] The prosecution requested arrest warrants for MBK Partners (MBK) executives, including Chairman Kim Byung-joo and Vice Chairman Kim Kwang-il, on the previous day (the 7th) in connection with the "Homeplus incident." With keen interest focused on the court's decision, politicians, civil society, and labor groups have also called for Chairman Kim's arrest. Kim Hyun-jung, floor spokesperson for the Democratic…
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