The National Assembly's Political Affairs Committee has decided to hold a hearing to determine accountability for the Homeplus corporate rehabilitation crisis.
During a full committee meeting on July 6, members discussed plans for the hearing related to the Homeplus situation. Expected participants include MBK Partners, the largest shareholder of Homeplus, and Meritz Financial, the largest creditor.
Democratic Party lawmaker Min Byung-deok characterized the crisis as a significant livelihood issue stemming from the reckless leveraged buyout by private equity funds. He emphasized the need to expedite the hearing for the sake of Homeplus workers and partner companies. Min also serves as the chair of the Democratic Party's Euljiro Committee.
In response to Min's request, fellow Democratic lawmaker Yoo Dong-soo, who chairs the Political Affairs Committee, stated, "Since the opposition party is not participating, we will proceed with the hearing once an opposition secretary is appointed and discussions are held between the secretaries."
The People Power Party is currently boycotting all National Assembly committee schedules in protest against the Democratic Party's unilateral election of 11 standing committee chairs and special committee chairs.
Meanwhile, the Democratic Party's Euljiro Committee plans to hold a press conference on July 7 at the National Assembly to condemn MBK Partners and Meritz Financial, urging a resolution to the Homeplus crisis.
* This article has been translated by AI.
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