Homeplus to reopen 67 stores on Aug. 13 after ₩200 billion DIP loan amid union strife

Homeplus said it will return 67 temporarily closed stores across South Korea to normal operations on Aug. 13 after final inspections and soft openings that began on Aug. 7, with online delivery resuming at 59 outlets. The restart follows the retailer's securing of ₩200 billion, or about $141.0 million, in debtor-in-possession financing, most of which it says must go to merchandise procurement as shelves were only about 30% restocked as of Aug. 7. The reopening is paired with online and in-store promotions through month-end, including up to 50% off hanwoo for My Homeplus members, but Homeplus still faces a Sept. 4 court rehabilitation plan deadline, supplier repayment pressure and labor conflict. The Homeplus Mart Industry Union is demanding the resignation of MBK Partners-linked management, a third-party sale and a change of custodian, while suppliers are organizing around about ₩790 billion, or roughly $557.0 million, in public-interest claims.

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