Kim Byung-joo and MBK Provide Full Joint Liability Guarantee for Homeplus's 200 Billion Won DIP Financing

Kim Byung-joo, chairman of MBK Partners, and MBK Partners have agreed to provide full joint liability guarantees for the 200 billion won DIP financing required for Homeplus's rehabilitation. MBK Partners stated that the guarantee will ensure Homeplus can maintain operations and minimize damage to suppliers and vendors. The DIP financing, a type of emergency operating loan for companies in bankruptcy proceedings, will enable Homeplus to secure funds and continue its business activities. Kim and MBK Partners have previously provided around 4 trillion won in financial support through cash injections and guarantees, and this additional 200 billion won guarantee will raise their total financial commitment to 6 trillion won. MBK Partners emphasized that the measures will help preserve Homeplus's business value and enable management stabilization, while also leaving room for potential M&A through new investor participation.