South Korean Retail 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.