MBK Partners' Chairman Guarantees 200 Billion Won for Homeplus Restructuring; Meritz Approves DIP Financing on July 16

According to The Fact on July 16, MBK Partners chairman Kim Byung-ju and the company provided a full guarantee for 200 billion won in emergency operating funds for Homeplus, with the company's largest creditor Meritz Financial subsequently approving the DIP (debtor-in-possession) financing. This brought MBK's total financial support for Homeplus to approximately 600 billion won, including prior capital injections and cash assistance. Homeplus plans to file an immediate appeal with the Seoul Bankruptcy Court on July 20 to continue its restructuring proceedings.
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