The Korea Timesopen noticesearchBusinessCompaniesHomeplus' rehabilitation revived after court reverses terminationListenListenText SizePrintBy Park Han-solPublished Jul 21, 2026 4:18 pm KSTTroubled retailer has to find new owner for survivalA Homeplus store in Seoul is seen behind a red traffic light, Tuesday. Yonhap Homeplus won a reprieve on Tuesday after a court reversed its decision to terminate the retailer’s rehabilitation proceedings, concluding that a newly secured 200 billion won ($135 million) emergency loan had restored the viability of its turnaround plan. The Seoul Bankruptcy Court overturned its July 3 ruling and extended the deadline for creditors to vote on Homeplus’ rehabilitation plan until…
Source: Korea Times Business
