November 19 [7:55 EDT] -- Michael Jackson is reportedly in South Korea toady, November 19, looking at a business deal that would help bail out a debt-ridden underwear company, Ssang Bang Wool.
The company is said to owe its creditors a billion dollars. News reports say Jackson is exploring an investment in the Ssang Bang Wool-owned Muji Ski Resort that would see the facility expand to include a Jackson specialty, a children's theme park. The expansion plans had already been proposed prior to the singer taking an interest, but they had been put on hold until the company's finances were in better shape.
The invitation to Jackson is part of a company plan to attract a half-billion dollars or more from foreign investors. Press reports say Jackson is currently staying at the resort and is spending the day touring the complex.