Homeplus, South Korea’s second-largest superstore chain, is on the verge of closing 26 stores nationwide, more than 20% of its total 126 locations. This includes nine stores already set to shut down ...

Michael ByungJu Kim, one of Asia’s most prominent private equity tycoons, built his MBK Partners Ltd. into a regional powerhouse with marquee deals and tens of billions in assets under management. Now ...

South Korean prosecutors have reportedly banned MBK Partners Chairman Michael Byungju Kim from leaving the country as part of ...

South Korean prosecutors have imposed a foreign travel ban on Michael Byung-ju Kim, chairman of Seoul-based private equity giant MBK Partners, as part of an inv ...

At the time, Home Plus was South Korea's No. 2 discount chain with around 140 hypermarkets and 700 smaller stores nationwide. However, rising online competition and the Corona virus pandemic dealt ...

Homeplus, South Korea’s second-largest hypermarket chain, laid out a dire financial picture in its March 4 filing for court-led rehabilitation, citing a crippling cash shortfall that could ...