Homeplus has submitted a second amended reorganization plan to the Seoul Bankruptcy Court that projects a 22% year-over-year sales increase, while providing only 0.5% repayment by 2028 on ₩503.2 billion (approximately $364.3 million) owed to suppliers. The 877-page filing targets an additional ₩743.9 billion (approximately $538.6 million) in sales between March 2028 and February 2029, and proposes borrowing ₩591.8 billion (approximately $428.5 million) from financial institutions in 2030 and ₩914.3 billion (approximately $662.0 million) in 2038 to repay debt. The plan does not provide supporting calculations identifying the stores or business segments behind the sales increase, the collateral and terms for the 2030 borrowing, or how that borrowing connects to the ₩914.3 billion figure, which is also referred to as 2037 in the filing review. Homeplus's administrator has claimed that consent from seven major creditor financial institutions, representing more than 77% of the reorganization creditor class, is effectively secured. A ₩200 billion (approximately $144.8 million) debtor-in-possession loan (financing provided during bankruptcy proceedings) from Meritz Financial was conditioned on their approval, allowing Homeplus to withdraw the funds and reopen stores in the middle of this month. Suppliers have objected to the proposed repayment structure, which prioritizes wages, severance pay and secured financial claims. The Seoul Bankruptcy Court will hold the creditors' meeting on September 2 at 3:00 PM, ahead of the statutory September 4 deadline. Approval requires at least 75% of reorganization secured creditors, 66.7% of reorganization creditors and 50% of shareholders. Market and industry participants consider rejection unlikely, but observers say court authorization must separately assess whether the sales and borrowing assumptions are feasible.