Court Rescinds Rehabilitation Procedures for Retail Chain Homeplus

KBS World (English)

Court Rescinds Rehabilitation Procedures for Retail Chain Homeplus

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[Economy] :
The Seoul Bankruptcy Court has decided to rescind rehabilitation procedures for retail chain Homeplus, after the company failed to secure the required 200 billion won, or around 130 million U.S. dollars, in funding.

The court reached the decision on Friday, saying sales have dropped as the company ...

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Court Rescinds Rehabilitation Procedures for Retail Chain Homeplus

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