Homeplus plans to sell 19 of the 37 stores slated for closure and use the proceeds to repay trust-secured claims held by Meritz Financial Group, including claims involving Meritz Securities. The repayment would release collateral on other stores owned by the retailer, allowing Homeplus to borrow about 600 billion won ($435 million) by 2030 against 38 of its 67 stores that will continue operating. Homeplus submitted a second revised rehabilitation plan on the 20th and expects to complete the 19 store sales by February 2028 if the court approves the plan next month. The 38 stores have an appraised value of about 2.8 trillion won ($2.03 billion). By 2037, Homeplus plans to increase secured borrowing against the same stores to about 900 billion won ($653 million), using the funds to repay the 600 billion won raised in 2030 and any remaining debt. The plan depends on a return to normal operations, with projected annual revenue of about 4.3 trillion won and operating profit of about 162.8 billion won in 2030, rising to about 218.2 billion won in 2037. Homeplus estimates annual free cash flow of 150 billion won to 300 billion won. Creditors and secured claimholders will review and vote on the plan at a meeting on the 2nd of next month, and the court will decide by the 4th whether to approve it. If creditors reject the plan, it will be scrapped and the rehabilitation proceedings will end.