Homeplus Implements Voluntary Retirement Program for Headquarters Managers and Department Heads
Homeplus, currently under corporate rehabilitation, launches a voluntary retirement program for headquarters managers and department heads to address liquidity challenges and boost competitiveness.
Homeplus Requests DIP Loan Participation from Meritz and KDB
Homeplus has requested Meritz Financial Group and Korea Development Bank to join a 300 billion won ($225 million) DIP loan, aiming to resolve its liquidity crisis and implement restructuring plans.
Cheong Wa Dae - President Lee and Ruling-Opposition Leaders Agree on Bipartisan Cooperation Over Coupang, Homeplus Issues
President Lee Jae-myung and party leaders pledged bipartisan cooperation on Coupang and Homeplus issues, emphasizing national interest and regulatory reform.
Homeplus, a leading South Korean hypermarket chain, will suspend operations at seven more stores amid worsening liquidity, bringing total closures to 17 as the company struggles to stabilize its finances.
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Homeplus to Suspend Operations at 7 Additional Stores Due to Worsening Liquidity—Total Closures Reach 17
Homeplus, a leading South Korean hypermarket chain, will suspend operations at seven more stores amid worsening liquidity, bringing total closures to 17 as the company struggles to stabilize its finances.
South Korean court rejects all arrest warrants for MBK Partners and Homeplus executives after a nine-month probe, citing insufficient evidence and sparking debate over prosecutorial overreach in the high-profile Homeplus case.
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All Arrest Warrants Denied After 9-Month MBK Probe—Was the Prosecution Overreaching?
South Korean court rejects all arrest warrants for MBK Partners and Homeplus executives after a nine-month probe, citing insufficient evidence and sparking debate over prosecutorial overreach in the high-profile Homeplus case.
MBK’s Kim Byung-joo Avoids Arrest Warrant—‘Worst-Case’ Scenario Averted, But Legal Risks Persist
MBK Partners’ top executives avoided arrest over Homeplus fraud allegations, averting a leadership crisis, but ongoing investigations and regulatory scrutiny keep legal risks alive.
South Korean court rejects prosecutors’ requests to detain MBK Partners executives, including Chairman Kim Byung-joo, over the Homeplus fraud case, citing insufficient evidence for arrest; MBK and Homeplus vow to clarify their position in future legal proceedings.
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MBK Chairman Kim Byung-joo Avoids Arrest as Court Rejects All Four Detention Warrants (Comprehensive)
South Korean court rejects prosecutors’ requests to detain MBK Partners executives, including Chairman Kim Byung-joo, over the Homeplus fraud case, citing insufficient evidence for arrest; MBK and Homeplus vow to clarify their position in future legal proceedings.
MBK Chairman Kim Byung-joo Avoids Arrest as Court Rejects Warrant
South Korean court denies arrest warrant for MBK Partners Chairman Kim Byung-joo over Homeplus fraud case, citing insufficient evidence for detention.
Homeplus Co. denied allegations of financial statement manipulation, asserting that its RCPS capital conversion and land asset revaluation were conducted in line with proper accounting standards and external reviews.
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Homeplus Says Preferred Share Capital Conversion and Asset Revaluation Are Proper Accounting Practices
Homeplus Co. denied allegations of financial statement manipulation, asserting that its RCPS capital conversion and land asset revaluation were conducted in line with proper accounting standards and external reviews.
Homeplus Co. has submitted a restructuring plan to the Seoul Bankruptcy Court, proposing asset sales and a 300 billion won DIP loan, and will begin detailed negotiations with creditors and its labor union.
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Homeplus to Discuss Details of Rehabilitation Plan with Creditors
Homeplus Co. has submitted a restructuring plan to the Seoul Bankruptcy Court, proposing asset sales and a 300 billion won DIP loan, and will begin detailed negotiations with creditors and its labor union.
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