Homeplus Rehabilitation Plan Submission Deadline Extended by One Month to July 10

The deadline for submitting the rehabilitation plan for Homeplus, which is currently undergoing corporate rehabilitation proceedings, has been extended by about one month to July 10.

According to the legal community on May 22, the 4th Division for Rehabilitation at the Seoul Bankruptcy Court (Chief Judge Jung Junyoung) decided the previous day to extend the deadline for submitting Homeplus's rehabilitation plan from June 12 to July 10.

This extension was granted because the deadline for the investigator's report, which determines whether the company will continue to exist, was originally set for this day but was also extended to June 12.

Homeplus filed for corporate rehabilitation proceedings on March 4 as a preemptive measure for restructuring. The court decided to commence the rehabilitation proceedings just 11 hours after the application was submitted.

Meanwhile, prosecutors are investigating MBK Partners executives, the majority shareholders of Homeplus, on suspicion of fraud. They believe that before applying for corporate rehabilitation, the executives were aware of the company's credit rating downgrade, planned to file for rehabilitation, but concealed this information and issued short-term bonds.

This content was produced with the assistance of AI translation services.