The Seoul Bankruptcy Court on September 2 approved Homeplus’ corporate rehabilitation plan immediately after a stakeholders meeting delivered the required creditor and shareholder majorities. Rehabilitation-secured creditors and shareholders each gave 100% support, while rehabilitation creditors backed the plan with 75.9% consent, clearing thresholds of at least 75%, 66.7% and 50% respectively. The ruling formally allows the hypermarket chain to begin repaying debts under the plan, pursue asset sales including 19 of 37 closed stores by February 2028, and work toward operational recovery. Proceedings are to be terminated and the case closed once repayments are underway; if Homeplus fails to repay as stipulated, the court will discontinue rehabilitation and declare the company bankrupt.