Homeplus takes another shot at revival

Homeplus said Monday it has filed an appeal with the Seoul Bankruptcy Court against the latter's decision to terminate the retailer's corporate rehabilitation proceedings as it had secured enough funding to continue the restructuring process last week. The court previously decided to end Homeplus' rehabilitation proceedings on July 3, citing a lack of operating funds while adding that it would reconsider its decision if the retailer could secure 200 billion won ($135 million) in working capital.

By The Korea Herald