South Korea’s governing Democratic Party said Wednesday that it will push for National Assembly hearings this month on the troubles facing debt-laden Home Plus.
Sept. 3 South Korea’s governing Democratic Party said Wednesday that it will push for National Assembly hearings this month on the troubles facing debt-laden Home Plus, the country’s No. 2 discount chain, and its owner MBK Partners, one of Asia’s leading private equity funds.
Rep. Min Byung-deok of the Democratic Party said that lawmakers should act quickly. He heads the party’s committee designed to protect the rights of economically vulnerable groups.
« We will try to move forward with hearings regarding Home Plus in September. Since the parliamentary inspection is slated for October, this month is the deadline to do so », Min told UPI in a phone interview.
