South Korea court revokes earlier ruling terminating Homeplus rehabilitation proceedings, media says
21/07/2026 02:59
South Korea court revokes earlier ruling terminating Homeplus rehabilitation proceedings, media says SEOUL, July 21 (Reuters) - A South Korean court on Tuesday cancelled an earlier court decision to terminate the corporate rehabilitation proceedings of ailing retailer Homeplus, according to local media reports.
A bankruptcy court had ruled earlier this month that Homeplus had to scrap the rehabilitation process, citing its failure to secure the 200 billion won ($135 million) needed to implement a restructuring plan amid mounting debt and declining sales.
Homeplus is owned by private equity firm MBK Partners.
(Reporting by Kyu-seok Shim; Editing by Tom Hogue)
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