Hollowed-out Homeplus

Shelves at a branch of the hypermarket retailer Homeplus sit nearly empty after the company decided to temporarily halt operations due to a lack of funds.

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Shelves sit nearly empty at a Homeplus in Paju, Gyeonggi, on July 14, after the retailer suspended operations due to funding shortages. The financially strapped chain has decided to temporarily close its outlets from July 13 after the Seoul Bankruptcy Court terminated its rehabilitation proceedings on July 3.

Shelves sit nearly empty at a Homeplus in Paju, Gyeonggi, on July 14, after the retailer suspended operations due to funding shortages. The financially strapped chain has decided to temporarily close its outlets from July 13 after the Seoul Bankruptcy Court terminated its rehabilitation proceedings on July 3. 

business caption funding shortages homeplus supermarkets industry seoul bankruptcy court rehabilitation proceedings

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