Homeplus News - Latest Updates & Headlines
MBK chief vows to use personal assets to support ailing Homeplus suppliers
Seoul, March 16: Private equity firm MBK Partners Ltd., which owns Homeplus, said on Sunday its chief will use his personal assets to support suppliers of the major discount store chain affected by the court-led rehabilitation process.
Homeplus apologises for rehabilitation, vows full debt payment
Seoul, March 14: The president of Homeplus, a major discount store chain in South Korea, offered a public apology on Friday to retailers and investors affected by the company's court-led rehabilitation process.
State pension fund retrieves half of $423.5 million investment in Homeplus
Seoul, March 8: South Korea's state pension fund has said it recovered about half of its total investment of 612.1 billion won ($423.5 million) in major retailer Homeplus Co., which recently entered a court-led rehabilitation process amid liquidity worries.