Archives

Browse previous posts, updates, and stories from your reunion site.

  • Homeplus Workers Continue Hunger Strike as Rehabilitation Deadline Nears

    A group of Homeplus employees has continued a hunger strike in Seoul for nearly three weeks, underscoring growing concerns over the future of South Korea’s second-largest hypermarket chain as its corporate rehabilitation process approaches a critical deadline. The protest, which began in mid-May, was launched by members of the Homeplus labor union who are demanding…

  • Korea Zinc Accuses Youngpoong-MBK Alliance of Escalating Public Relations Campaign Amid Ongoing Control Dispute

    Korea Zinc has criticized the alliance between Youngpoong and MBK Partners, accusing the group of using routine legal proceedings to fuel a broader public relations campaign as the battle for control of the company continues. The dispute intensified following a recent court order requiring Korea Zinc to submit internal documents related to investments connected to…

  • MBK Partners and the Structural Manipulation Pattern from Homeplus to Korea Zinc

    Private equity firms develop institutional habits. The structures they build, the financial engineering they deploy and the relationship between holding vehicles and operating companies tend to follow patterns that become visible across multiple investments. In the case of MBK Partners, a pattern has emerged in the use of special-purpose subsidiaries to restructure obligations and rights…

  • How MBK’s Governance Tactics Found a Willing Student

    Young Poong Corporation’s governance record was troubled long before MBK Partners entered its orbit. They were found to have committed environmental violations, had unanswered accounting questions, and operational losses. What has changed since the two companies formed their alliance in the battle for Korea Zinc is the sophistication of the governance tactics being deployed. The…

  • Commentary About Young Poong’s Alliance With MBK Partners Attempting To Take Control of Korea Zinc

    As the battle for control of Korea Zinc continues to be a major news story, attention has increasingly turned to Young Poong itself, the group that has partnered with MBK Partners in pursuit of the takeover. Korean analysts, ESG specialists, proxy advisors and investigative journalists have spent recent months examining whether Young Poong is in…