The National Pension Service should be prevented from investing in private equit
The National Pension Service should be prevented from investing in private equity funds---
It's not your money
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There is always a national pension fund behind the mbk investment target
We must stop this investment behavior first
2.2. Controversy over the second investment of MBK Partners in the National Pension Service (edited)
In fact, looking at the direction of acquisition of companies with poor business conditions such as Asiana Airlines and Ssangyong Motor, there are many difficulties and it takes more than a year. However, the National Pension Service, which is operated by national tax, just invested 1 trillion won in MBK Partners. In 2008, when the cable broadcasting company C&M was acquired, it was also decided as MBK Partners, and at this time, the National Pension Service invested in it, so it can be seen as the second C&M case. Since private equity funds are companies for profit and not companies for the country like Samsung and LG, it is natural that questions arise about the investment decision of the National Pension Service.
2.3. Controversy over the promotion of dividends for 5x operating profit at the time (edited)
In August 2015, two months after the report of the sale, it was reported that it was pushing for a dividend of 1.6 trillion won. Tesco said it would push for a dividend of 1.6 trillion won to its takeover candidate, which was also controversial. This is because not only 1.6 trillion won can be taken from Tesco before receiving the sale price, but it is also seen as an intention to reduce taxes as the purchase amount is lowered through dividends. The management community said that if Homeplus, which had an operating profit of only 240.9 billion won in 2014, pays a dividend of 1.6 trillion won, it could adversely affect management.