The rehabilitation procedure for Homeplus has been extended by a court decision. This is because Homeplus was able to secure a plan to raise 200 billion won and continue the rehabilitation process through an 'immediate appeal'. The deadline for approval of the rehabilitation plan has been extended to September 4th, and this is expected to be the last extension. The court will soon schedule a meeting for related parties, which is expected to be held between the end of next month and early September. Homeplus aims to resume operations along with securing funds.
