Seoul ups pressure on MBK Partners amid Homeplus fallout

MBK Partners has come under mounting political and regulatory pressure as Seoul's presidential office, lawmakers and financial authorities intensify scrutiny of the private equity firm's management practices amid Homeplus' court-led restructuring and possible liquidation. Hong Ihk-pyo, senior presidential secretary for political affairs, recently described MBK Partners' merger and acquisition practices as "unethical," criticizing the firm's takeover of Homeplus and its role in the retailer's dec

By The Korea Herald