The Korea Timesopen noticesearchBusinessCompaniesHomeplus appeals court's rehabilitation termination, faces uphill battle for turnaroundListenListenText SizePrintBy Park Han-solPublished Jul 20, 2026 4:40 pm KSTThe entrance to Homeplus’ headquarters in Seoul remains closed, Monday, as the cash-strapped retailer faces the deadline to appeal the Seoul Bankruptcy Court’s decision to terminate its rehabilitation proceedings. Yonhap Homeplus, once Korea’s second-largest discount store chain, formally appealed a court decision to terminate its rehabilitation proceedings, Monday, after securing a 200 billion won ($135 million) emergency loan. Although the last-minute financing may have pulled the company back from the brink of liquidation, its return to normal business remains…
Source: Korea Times Business
