Written by 3:01 PM Economics

The Financial Supervisory Service to Initiate Inspection of Homeplus Major Shareholder MBK Partners Today

The Financial Supervisory Service (FSS) will launch an inspection of MBK Partners, the major shareholder of Homeplus, in relation to Homeplus’s application for corporate rehabilitation proceedings today (19th). This marks the first time the FSS has conducted a full-scale inspection of a private equity fund regarding a specific issue.

The focus of this inspection is expected to be on when MBK Partners became aware of Homeplus’s credit rating downgrade and made the decision to apply for corporate rehabilitation proceedings. If it is confirmed that they planned to apply for corporate rehabilitation proceedings while still issuing commercial papers and electronic short-term bonds to investors through firms like Shin Young Securities, it could constitute a fraud crime.

#FinancialSupervisoryService #Homeplus #MBKPartners

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