This article was displayed on the ChosunBiz MoneyMove (MM) site at 11:10 a.m. on Jan. 9, 2026.
Homeplus Co., which is undergoing a corporate rehabilitation process, is pushing a plan to raise an additional DIP financing (new funding support for a company in rehabilitation) of 300 billion won, and it has been confirmed that major shareholder MBK Partners, Korea Development Bank (KDB), and Meritz Financial will each be asked to shoulder 100 billion won.
According to the MBK Homeplus situation task force and the investment banking (IB) industry on the 9th, Homeplus Co. plans to soon propose this plan to the court and stakeholders. The Homeplus situation is currently being discussed with the ruling party's task force at the center.
Under the DIP financing structure that Homeplus Co. will propose, MBK Partners will shoulder 100 billion won of the 300 billion won, KDB will provide 100 billion won and then convert it into equity with UAMCO receiving new shares, and the remaining 100 billion won will be borne by existing collateral holder Meritz Financial.
This DIP financing is larger in amount than the 60 billion won DIP that Homeplus Co. previously raised from Curious Partners, but it ranks lower in repayment priority. It is senior to Meritz Financial, but since Meritz is a collateral holder, it is hard to view it as effectively subordinated. In other words, it is not easy for a third party to newly step in and provide 300 billion won in DIP financing. Thus, Homeplus Co. prepared and decided to propose this alternative.
From Meritz Financial's standpoint, it has no choice but to weigh whether to add another 100 billion won through DIP financing. If Homeplus Co. fails to raise 300 billion won this time, liquidity will dry up and it is highly likely to face immediate bankruptcy.