"Agricultural Cooperative's acquisition of Homeplus faces 'inappropriate' warning"

Published 2025년 9월 23일

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[Korea Farmers Newspaper, Reporter Kim Kyung-wook] The "argument of NH Agricultural Cooperatives acquiring Homeplus" that has been intermittently raised since entering the corporate rehabilitation process last March has recently resurfaced, but both experts and those within the NH Agricultural Cooperatives are unanimous in saying that it is not valid. Under pressure from the political sphere and public opinion, Homeplus has put on hold its initial plan to close 15 stores. Kim Byeong-gi, floor leader of the Democratic Party of Korea, stated on the 19th after meeting with Kim Byeong-ju, chairman of MBK Partners, at the Homeplus Gangseo store, "It was decided not to close the store until a buyer is determined." Nevertheless, MBK, the largest shareholder of Homeplus and a private equity fund,

Original content

Political pressure as sale delayed Concerns over forced intervention ahead of local elections Criticism of "burdening non-core business" Cooperative also says it "cannot afford it" Need to maintain cooperative identity Since entering the corporate rehabilitation process last March, the "theory of NH Agricultural Cooperatives acquiring Homeplus" has been intermittently raised, but has recently resurfaced. However, both experts and those within the NH Agricultural Cooperatives are unanimous in saying that it is "not feasible." Under pressure from the political sphere and public opinion, Homeplus has put on hold its initial plan to close 15 stores (see page 4 of the August 26th edition). Kim Byeong-gi, floor leader of the Democratic Party, stated on the 19th after meeting with Kim Byeong-ju, chairman of MBK Partners, at the Homeplus Gangseo store, "It was decided not to close until a buyer is determined." Nevertheless, amid the willingness of Homeplus' largest shareholder, private ...

Source: Agrinet