Homeplus's rocky road continues despite W200b lifeline

Homeplus pulled back from the edge of bankruptcy on Thursday by securing 200 billion won ($135 million) in emergency financing from Meritz Financial Group, but the retailer still faces a steep climb toward normal operations and long-term survival. Homeplus plans to appeal the court's termination decision by its July 20 deadline. If accepted, rehabilitation would extend to Sept. 4, while Homeplus must still win creditor and court approval for a revised plan or risk another termination and bankrup

By The Korea Herald