Homeplus, Korea Zinc unions join forces to condemn MBK Partners

The labor unions of Homeplus and Korea Zinc have teamed up for the first time to intensify the pressure on private equity firm MBK Partners, accusing it of prioritizing profits over workers and long-term corporate sustainability.

The two groups stressed that Homeplus' ongoing corporate rehabilitation and MBK's attempt to gain control of Korea Zinc are manifestations of the same problem during a joint press conference at a Homeplus hunger strike site in Gwanghawmun Square, central Seoul, on Tuesd ...