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flag Homeplus, South Korea's second-largest supermarket, enters court-led rehabilitation due to high debt.

flag Homeplus, South Korea's second-largest supermarket chain, is undergoing court-led rehabilitation after its credit rating was downgraded due to high debt and weak profitability. flag President Joh Joo-yun apologized for the inconvenience caused to retailers and investors, reassuring that the company is financially stable and working to normalize operations. flag Homeplus has repaid 340 billion Korean won, prioritizing small businesses, though some suppliers have paused deliveries due to payment concerns. flag The company's debt ratio is 462%, with assets like real estate seen as a financial cushion.

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