Regarding the Homeplus crisis, where bankruptcy is imminent, the Democratic Party of Korea's Euljiro Committee has decided to push for a plan to pressure MBK Partners, the major shareholder of Homeplus, by leveraging the National Pension Service (NPS).

Homeplus, for which the court has decided to terminate rehabilitation procedures, will face bankruptcy if it fails to secure at least 200 billion won in new operating funds or find a new acquirer within the two-week appeal period.

If bankruptcy becomes a reality, it is expected that approximately 13,000 employees will lose their jobs, and a chain reaction of bankruptcies among tenant and supplier companies will be inevitable.

The Euljiro Committee held an emergency meeting today (July 6) and decided to visit the National Pension Service as early as tomorrow to urge the withdrawal of investments from MBK.

The intention is that since the Financial Supervisory Service is known to have recently decided on heavy disciplinary action against MBK, the National Pension Service should use this as grounds to exert pressure.

If National Pension Service funds are withdrawn, MBK will suffer a significant blow to attracting capital from both domestic and overseas institutional investors.

It is an indirect form of pressure, suggesting that it would be better for MBK to inject funds and revive Homeplus rather than having its business foundation shaken by a large-scale withdrawal of National Pension Service funds.

The Euljiro Committee also plans to urge MBK and Meritz Financial Group to provide prompt financial support during a press conference tomorrow.

Currently, MBK maintains that if Meritz Financial lends 200 billion won, it can only provide a joint guarantee of 100 billion won. Meanwhile, Meritz Financial insists that it can provide a maximum of 100 billion won only if both MBK and MBK Chairman Kim Byung-ju participate in the joint guarantee.

Unlike the Euljiro Committee, the party leadership is maintaining a cautious stance. It is reported that the Democratic Party discussed the Homeplus crisis at a closed-door Supreme Council meeting today but decided to prepare countermeasures after observing the discussions of the party's task force.

It is also reported that there was no discussion regarding the resolution of the Homeplus crisis at the high-level party-government consultative meeting held yesterday.

This has led to interpretations that the party may feel burdened by a full-scale response, as Homeplus is effectively entering the liquidation process.

Reported by Kim Minjeong | Video by Kim Na-on | Graphics by Yook Do-hyun | Produced by SBS Digital News