Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag South Korean discount chain Homeplus files for corporate rehabilitation due to financial struggles.

flag South Korean discount store chain Homeplus has filed for corporate rehabilitation due to declining credit ratings and liquidity concerns. flag Despite operating losses, its 126 stores remain open. flag The company's financial health has been criticized by credit agencies, and it faces stiff competition from larger rivals like Emart Inc. Homeplus aims to avoid a deeper financial crisis through this preemptive move.

11 Articles

Further Reading