Homeplus outlets resume operations after court extends rehabilitation proceedings

Homeplus, a financially troubled discount store chain, has resumed operations at all 67 of its outlets nationwide following a court decision to extend its rehabilitation proceedings. The company had temporarily closed all its outlets on July 13, 2025, due to a lack of operating funds after the Seoul Bankruptcy Court terminated its rehabilitation proceedings, stating that the company had failed to secure the required 200 billion won to carry out its self-rescue plan.

The resumption of operations came after the court overturned its earlier decision on July 21, 2025, and extended the proceedings until September 4, 2025, following the company's appeal. Homeplus, wholly owned by private equity firm MBK Partners, has been facing financial strain due to a prolonged downturn in the discount store industry.

The company entered court-led rehabilitation proceedings in March 2025 and had previously acquired a 100 percent stake in Homeplus from British retailer Tesco Plc in 2015 for 7.2 trillion won. Currently, 37 of the company's 104 outlets are no longer in operation.

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