Homeplus Begins Reopening After Rehabilitation

Homeplus reopens ahead of full operations next week

Homeplus said Thursday it is starting its reopening with a soft launch today, drawing on the cash injection that kept its rehabilitation alive, with a court decision on the plan just four weeks away. The retailer said the much-needed 200 billion won ($141 million) debtor-in-possession loan from Meritz Financial Group has landed in its accounts, three weeks after the court reversed its decision to terminate Homeplus's rehabilitation once the loan agreement came through. "We plan to quickly wrap u

By The Korea Herald