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MBK Partners, one of Asia’s largest private equity firms, is under intense scrutiny for its decision to place Homeplus, Korea’s second-largest hypermarket chain, under corporate rehabilitation with investors anticipating a bumpy road ahead for the company’s debt restructuring. Since the Seoul Bankruptcy Court approved Homeplus’ entry into a court-led rehabilitation program earlier this month, its largest shareholder, MBK, has faced mounting criticism for failing to take responsibility for the co
Korea Ginseng Corp., the country’s leading ginseng manufacturer, announced Monday that it received the Varro E. Tyler Award at the 2025 Natural Products Expo West, held last week in Anaheim, US, for its phytomedicinal research on ginseng. According to the company, the award, presented by the American Botanical Council in recognition of outstanding contributions to the field of herbal medicine and pharmacognosy, honors its commitment to proving the health benefits of ginseng through clinical rese
Choco Pie, a round cake-like snack with a marshmallow filling and chocolate coating, is the brainchild of South Korean confectionery maker Orion. Branded with the Chinese character for "jeong" — a deep sense of affection and hospitality — the proiduct carries a distinct Korean essence that embodies the core value of sharing love. Now, far beyond its homeland, the treat has won over more non-Koreans, selling more overseas than in the birthplace of jeong. History of marshmallow cookie 1956: Lee Ya
CU, GS25 divesifiy exclusive snack and dessert lines to meet global appetite for K-food South Korea’s convenience store chains, led by industry frontrunners CU and GS25, are making bigger waves globally, riding the K-food boom with their exclusive products. GS25, the country's largest convenience store brand by sales, is solidifying its presence in overseas markets with its YouUs private-label products and exclusive offerings at the forefront. Strategic partnerships — most notably a collaboratio
Once a niche market catering primarily to the country's binge-drinking culture, Korean hangover remedies are now gaining global traction, amid rising demand for functional wellness products. According to market tracker Grand View Research, Korea's hangover remedy market, valued at $288.11 million in 2022, is projected to surpass $1 billion by 2030. On a global scale, market tracker Global Market Insights estimates that the hangover remedy market will expand from $1.9 billion in 2022 to $6.8 bill
MBK Partners, South Korea’s largest private equity firm, is in discussions to acquire the bio division of food giant CJ CheilJedang, according to sources on Friday. Preliminary negotiations have valued the unit between 5 trillion won ($3.46 billion) and 6 trillion won, though the two sides have yet to reach a final agreement on pricing. CJ CheilJedang’s bio division specializes in producing food seasoning materials and feed-grade amino acids using microorganisms. It holds the largest global mark
The SOOP, a global video live-streaming platform that provides free exposure to baseball games, announced Friday it will continue streaming KBO League games, starting from “2025 Shinhan SOL Bank KBO League” this Saturday. SOOP has been providing streaming services since June 2024, delivering unique live broadcast experiences to overseas Koreans and global fans. The “2024 KBO League,” which ran for four months, drew over 1.77 million cumulative viewers. Starting with exhibition matches on March 8
Supermarket chain's credit woes raise doubts over MBK's hostile takeover of Korea Zinc MBK Partners, one of the largest private equity firms in Asia, is facing backlash over its incompetence to operate its major portfolio firm Homeplus, which entered court-led rehabilitation proceedings amid potential insolvency. On Tuesday, Homeplus filed for corporate rehabilitation with the Seoul Bankruptcy Court for possible insolvency following a series of credit rating downgrades. MBK acquired Homeplus in
Korea Medical Institute, one of Korea’s leading medical checkup institutions, on Thursday announced the publication of its “I AM KMI,” picture book to promote healthy lifestyles among children in celebration of its 40th anniversary. The book’s protagonist, KMI, serves as a health guardian who connects with young readers by introducing health-related concepts and promoting physical and emotional well-being in a fun and interactive way. To enhance engagement, the book also includes various edutain
Homeplus’ W2tr debt is manageable, no systemic risk: analysts As South Korea's retail industry grapples with the shock of its second-largest supermarket chain entering court rehabilitation, market watchers largely believe that Homeplus' debt isn’t substantial enough to trigger a sector-wide crisis or destabilize the local financial industry. Industry reports on Wednesday show that Homeplus holds around 2 trillion won ($1.38 billion) in debt from local financial institutions, with Meritz Financia
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