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Homeplus Securitization Short-term Bond Victims Hold A Press Conference
Individual investors in Homeplus Asset-Backed Short-Term Bonds (ABSTB) hold a press conference in front of the Financial Supervisory Service in Yeouido, Seoul, South Korea, on March 12, 2025. They urge the recognition of ABSTB as trade receivables and priority repayment. They argue that ABSTB is not merely a financial investment product for profit but a transaction based on trust in the credit of Homeplus and credit card companies, giving it the nature of trade receivables. They also raise suspicions of misconduct by MBK Partners, the owner of Homeplus, pointing out that Homeplus continues issuing commercial papers (CP) until just before filing for corporate rehabilitation. MBK Partners (MBKP) is a private equity firm focused on North Asia. (Photo by Chris Jung/NurPhoto)
Photo Details
| Photo ID | #12148633 |
|---|---|
| Date Taken | |
| Location | N/A |
| Photographer | Chris Jung/NurPhoto |
| Category | Economy, Business and Finance |
| Copyright | © 2026 NurPhoto - Chris Jung/NurPhoto |
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