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Homeplus, South Korea's second-largest supermarket, enters court-led rehabilitation due to high debt.
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.
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.
Homeplus has repaid 340 billion Korean won, prioritizing small businesses, though some suppliers have paused deliveries due to payment concerns.
The company's debt ratio is 462%, with assets like real estate seen as a financial cushion.
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Homeplus, el segundo supermercado más grande de Corea del Sur, entra en rehabilitación dirigida por los tribunales debido a la alta deuda.