In response, MBK Partners reportedly requested a 200 billion won loan agreement while Meritz Financial Group insisted that legal reviews and board approval were prerequisites for the funds’ release.
The ruling Democratic Party (DP) on Thursday urged MBK Partners and Meritz Financial Group to funnel emergency funds to keep Homeplus afloat due to the growing risk of liquidation.
MBK is a private equity firm and Homeplus’s majority stakeholder, while Meritz is the largest creditor of the struggling retail company.
The DP also asked the National Pension Service (NPS) — a major…