MBK chairman to use personal funds to support Homeplus small businesses in South Korea

Kim Byung-joo, chairman of MBK Partners, said he will use his own money to help small businesses that supply goods to Homeplus receive their payments smoothly.
MBK Partners, the private equity fund (PEF) management company and Homeplus's largest shareholder, said in a statement on the 16th,
"As part of this, Chairman Kim Byung-so will take measures to ensure that small business customers who are expected to face particular difficulties are able to make prompt payments," the company said.
Homeplus suddenly filed for corporate rehabilitation (legal receivership) on the 4th after its credit rating was downgraded at the end of last month and it found it difficult to raise funds in the short-term capital market.