Homeplus secures W200b lifeline from Meritz to avert liquidation
Homeplus said Thursday that Meritz Financial Group agreed to extend 200 billion won ($135 million) in emergency financing to the cash-strapped retailer, keeping its court-supervised rehabilitation…
Read the full articleYou might also wanna read
MBK, Meritz strike last-ditch deal to rescue Homeplus
Homeplus, once Korea's second-largest discount store chain, secured a 200 billion won ($135 million) emergency loan, Thursday, giving itself
[EXPLAINER] How $133 mil. funding dispute between MBK, Meritz pushed Homeplus toward collapse
Once Korea’s second-largest discount store operator, Homeplus decided to temporarily close stores beginning Monday after running out of cash
Homeplus Fate Uncertain as MBK-Meritz Talks End in Deadlock
The Democratic Party's three-way meeting with MBK Partners and Meritz Financial Group over Homeplus's rehabilitation ended in deadlock, rais
Homeplus Off Life Support as Blame Game Eats Away Golden Hour
A blame game between MBK and Meritz stalls efforts to rescue Homeplus, which failed to raise 200 billion won, as about 100,000 livelihoods h
Homeplus Suppliers to Get Up to 500 Million Won in Emergency Loans
The Korean government and banks will provide up to 500 million won in emergency working capital per company to Homeplus suppliers hit by the
Homeplus temporarily closes outlets starting Monday
Financially troubled discount store chain Homeplus said Monday it has decided to temporarily close its outlets starting Monday due to a lack
Comments
Sign in to join the conversation.
No comments yet. Be the first.