Homeplus, a leading South Korean hypermarket chain, reported a KRW 314.1 billion operating loss in 2024, with auditor EY Han Young issuing a 'disclaimer of opinion' citing significant doubts over the company's ability to continue as a going concern due to mounting losses and a high debt ratio.
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Homeplus Posts KRW 314.1 Billion Operating Loss Last Year—Audit Report Issues Disclaimer of Opinion
Homeplus reported a KRW 314.1 billion operating loss in 2024, with auditors issuing a disclaimer of opinion due to mounting losses and liquidity concerns.
91% of South Korean business executives express pessimism about the domestic economy for the current year, marking a significant increase in negative sentiment and the highest level of pessimism in five years according to an EY Hanyoung survey.
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91% of Korean Business Executives Forecast 'Negative' Economic Outlook for This Year
91% of South Korean business executives express pessimism about the domestic economy for the current year, marking a significant increase in negative sentiment and the highest level of pessimism in five years according to an EY Hanyoung survey.
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