MBK Partners Chairman Kim Byung-ju Proposes Guarantee for Home Plus 200 Billion Won Financing

According to Financial News, MBK Partners Chairman Kim Byung-ju proposed guaranteeing 200 billion Korean won on July 15 to unlock emergency funding for Home Plus. Under the agreement, Kim will provide full payment guarantees while Meritz Financial Group will execute the bridge capital injection. Investment banking sources indicated the board is expected to approve the funding on July 16.

If the financing is secured by July 20, Home Plus can file an immediate appeal to overturn the Seoul Rehabilitation Court's decision to close proceedings announced on July 3. The breakthrough resolves weeks of negotiations between MBK and Meritz over responsibility-sharing, as the insurer had previously resisted funding without a substantial guarantee from the largest shareholder.