Homeplus Union Meeting with MBK Partners Canceled Amid Store Closures

Homeplus's union and its major shareholder, MBK Partners, had a scheduled meeting canceled on the same day.

According to the Homeplus branch of the Korean Confederation of Trade Unions, a meeting with MBK Partners Vice Chairman Kim Kwang-il, set for 3 p.m. at Homeplus's headquarters in Gangseo-gu, Seoul, was called off. MBK informed the union by phone on the morning of July 14 that the meeting would be postponed and that a new date would be arranged.

Previously, the union had secured a meeting with Vice Chairman Kim after staging a sit-in protest at MBK's headquarters on July 10. The union intended to demand the procurement of 200 billion won in emergency operating funds and an immediate appeal against the decision to terminate the rehabilitation process.

The union has sent a formal inquiry to MBK regarding the cancellation and plans to hold a press conference.

Meanwhile, Homeplus has temporarily suspended operations at its stores nationwide since July 13 due to a lack of operating funds. This decision follows the failure to secure emergency operating funds after the termination of the rehabilitation process, making normal operations unfeasible.