MBK Partners to Provide Additional 100 Billion Won Joint Guarantee for Homeplus Rehabilitation

MBK Partners announced today (June 10) that it has decided to provide an additional joint guarantee of 100 billion won to support the rehabilitation of Homeplus.

Homeplus currently requires 200 billion won in emergency operating funds to maintain normal business activities, such as product procurement, payments to partner companies, and store operations, as well as to facilitate the smooth merger and acquisition of its remaining business units.

MBK plans to provide a joint guarantee for 100 billion won, which is half of the 200 billion won in operating funds being sought, should the financing be successfully secured.

MBK explained that this decision was made to fulfill the shareholder's responsibility for the normalization and rehabilitation of Homeplus, adding that the total amount of funds and credit provided, including personal contributions, has reached 500 billion won.

"This additional joint guarantee signifies our commitment as a shareholder to fulfill our responsibilities until the end for the normalization and rehabilitation of Homeplus," MBK stated. "We believe that normalization through rehabilitation is the most rational outcome in terms of employee job security, the protection of partner companies, and the stability of debt recovery."

(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.