Yoojung Lee

2 weeks ago | news.bloomberglaw.com | Yoojung Lee |Filipe Pacheco |Haram Lim

Michael ByungJu Kim, one of Asia’s most prominent private equity tycoons, built his MBK Partners Ltd. into a regional powerhouse with marquee deals and tens of billions in assets under management. Now, a controversial bet on Homeplus, once the nation’s second-largest supermarket chain, has returned to haunt him. Prosecutors are probing whether Homeplus — with MBKP’s knowledge — issued short-term debt despite being aware that the retailer was veering toward a credit downgrade.

2 weeks ago | news.bloomberglaw.com | Yoojung Lee |Filipe Pacheco |Haram Lim

Michael ByungJu Kim, one of Asia’s most prominent private equity tycoons, built his MBK Partners Ltd. into a regional powerhouse with marquee deals and tens of billions in assets under management. Now, a controversial bet on Homeplus, once the nation’s second-largest supermarket chain, has returned to haunt him. Prosecutors are probing whether Kim’s firm misled investors by issuing short-term debt for Homeplus despite knowing the retailer was veering toward a credit downgrade.

2 weeks ago | bloomberg.com | Yoojung Lee |Filipe Pacheco |Haram Lim

Protesters including Homeplus employees rally against MBK Partners and the discount chain’s management on May 1. (Bloomberg) -- Michael ByungJu Kim, one of Asia’s most prominent private equity tycoons, built his MBK Partners Ltd. into a regional powerhouse with marquee deals and tens of billions in assets under management. Now, a controversial bet on Homeplus, once the nation’s second-largest supermarket chain, has returned to haunt him.

2 weeks ago | news.bloombergtax.com | David Ramli |Yoojung Lee

Many of the world’s richest family offices were planning to ramp up their investments in China despite the looming threat of a global trade war, according to a survey of UBS Group AG clients. The report - which based its findings on 317 family offices with an average of $1.1 billion in assets under management - showed that over a third of clans in the Middle East planned to increase their exposure to mainland China, as did 39% from the Asia-Pacific region. On average globally, 18% wanted to do so.

2 weeks ago | bloomberg.com | David Ramli |Yoojung Lee

(Bloomberg) -- Many of the world’s richest family offices were planning to ramp up their investments in China despite the looming threat of a global trade war, according to a survey of UBS Group AG clients. The report - which based its findings on 317 family offices with an average of $1.1 billion in assets under management - showed that over a third of clans in the Middle East planned to increase their exposure to mainland China, as did 39% from the Asia-Pacific region.