Korea Corporate Governance Forum urges Korea Zinc to have its board chair, not CEO, preside over the March AGM amid a control dispute, and calls for Hanwha, LG, and Hyundai Motor Group to divest their stakes following new corporate governance reforms.
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'Korea Zinc Shareholders' Meeting Should Be Chaired by Board Chair, Not CEO'
Korea Corporate Governance Forum urges Korea Zinc to have its board chair, not CEO, preside over the March AGM amid a control dispute, and calls for Hanwha, LG, and Hyundai Motor Group to divest their stakes following new corporate governance reforms.
Lotte Card faces a prolonged leadership vacuum as regulatory scrutiny and fallout from a major data breach deter candidates from stepping into the CEO role, with the company vowing to fill the position before its March shareholders’ meeting.
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'No Takers for Lotte Card CEO Role'—Leadership Vacuum Drags On
Lotte Card faces a prolonged leadership vacuum as regulatory scrutiny and fallout from a major data breach deter candidates from stepping into the CEO role, with the company vowing to fill the position before its March shareholders’ meeting.
South Korean court rejects all arrest warrants for MBK Partners and Homeplus executives after a nine-month probe, citing insufficient evidence and sparking debate over prosecutorial overreach in the high-profile Homeplus case.
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All Arrest Warrants Denied After 9-Month MBK Probe—Was the Prosecution Overreaching?
South Korean court rejects all arrest warrants for MBK Partners and Homeplus executives after a nine-month probe, citing insufficient evidence and sparking debate over prosecutorial overreach in the high-profile Homeplus case.
Michael ByungJu Kim won a key victory after a South Korean court rejected prosecutors’ request to detain the co-founder of buyout firm MBK Partners as part of a probe into its management of supermarket chain Homeplus.
https://www.japantimes.co.jp/business/2026/01/14/buyout-billionaire-kim-court/?utm_medium=Social&utm_source=mastodon #business #michaelbyungjukim #southkorea #mbkpartners #corruption
Buyout billionaire Kim wins court fight over arrest bid
South Korean prosecutors are investigating the billionaire co-founder of buyout firm MBK Partners and three others on charges including fraud.
MBK’s Kim Byung-joo Avoids Arrest Warrant—‘Worst-Case’ Scenario Averted, But Legal Risks Persist
MBK Partners’ top executives avoided arrest over Homeplus fraud allegations, averting a leadership crisis, but ongoing investigations and regulatory scrutiny keep legal risks alive.
South Korean court rejects prosecutors’ requests to detain MBK Partners executives, including Chairman Kim Byung-joo, over the Homeplus fraud case, citing insufficient evidence for arrest; MBK and Homeplus vow to clarify their position in future legal proceedings.
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MBK Chairman Kim Byung-joo Avoids Arrest as Court Rejects All Four Detention Warrants (Comprehensive)
South Korean court rejects prosecutors’ requests to detain MBK Partners executives, including Chairman Kim Byung-joo, over the Homeplus fraud case, citing insufficient evidence for arrest; MBK and Homeplus vow to clarify their position in future legal proceedings.
MBK Chairman Kim Byung-joo Avoids Arrest as Court Rejects Warrant
South Korean court denies arrest warrant for MBK Partners Chairman Kim Byung-joo over Homeplus fraud case, citing insufficient evidence for detention.
Homeplus Co. denied allegations of financial statement manipulation, asserting that its RCPS capital conversion and land asset revaluation were conducted in line with proper accounting standards and external reviews.
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Homeplus Says Preferred Share Capital Conversion and Asset Revaluation Are Proper Accounting Practices
Homeplus Co. denied allegations of financial statement manipulation, asserting that its RCPS capital conversion and land asset revaluation were conducted in line with proper accounting standards and external reviews.
Homeplus Co. has submitted a restructuring plan to the Seoul Bankruptcy Court, proposing asset sales and a 300 billion won DIP loan, and will begin detailed negotiations with creditors and its labor union.
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Homeplus to Discuss Details of Rehabilitation Plan with Creditors
Homeplus Co. has submitted a restructuring plan to the Seoul Bankruptcy Court, proposing asset sales and a 300 billion won DIP loan, and will begin detailed negotiations with creditors and its labor union.
Homeplus Expresses Regret Over Arrest Warrants for Shareholder Executives—Warns of Disruption to Normalization Efforts
Homeplus warns that prosecutors’ arrest warrants for MBK Partners executives could disrupt its rehabilitation, expressing concern over potential setbacks to normalization efforts.
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