Homeplus Nears Liquidation as Court Ends Rehabilitation Process

Regulator set to sanction MBK over Homeplus handling

The Financial Supervisory Service, South Korea's financial watchdog, decided to recommend disciplinary actions against private equity giant MBK Partners on Thursday, reportedly including a suspension from duties. The sanction will be finalized through approval by the Financial Services Commission. The FSS did not disclose the level of the recommended sanction on the day. But sources familiar with the matter say the watchdog decided to maintain its previous recommendation to suspend MBK Partners

By The Korea Herald