Court extends deadline for approval of Homeplus' rehabilitation plan to May - Yonhap News Agency

Court extends deadline for approval of Homeplus' rehabilitation plan to May. The Seoul Bankruptcy Court has extended the deadline for the approval of Homeplus' rehabilitation plan to May 15, according to court officials. The extension is to allow more time for negotiations between the retail giant and its creditors over the terms of the plan. Homeplus has been undergoing rehabilitation proceedings since last year after facing financial difficulties. The company hopes to finalize the plan and emerge from rehabilitation by the end of the year.