Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Stocks
CFD
Stock CFD Derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
3.8%
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
tag
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
IPO
2026 World Cup
Rewards

Homeplus Halts All Stores, Faces Bankruptcy Choice by July 16 as 1.08 Trillion Won in Public Claims Awaits Protection

GateNews
According to E-Daily, Homeplus announced on July 13 that it halted operations at all stores nationwide due to complete operational fund depletion, unable to cover supplier payments, electricity, and water bills. The company said it would determine whether to resume operations by July 20, the deadline for immediate appeal against the Seoul Rehabilitation Court's decision to terminate its rehabilitation procedure made on July 3 due to failure to secure 200 billion won in required operating funds. Market observers expect Homeplus may file for bankruptcy instead of appealing, seeking a "linked bankruptcy" process to protect public claims—including unpaid employee salaries, vendor payments, and taxes—totaling approximately 1.08 trillion won as of end-June. Filing before July 20 would ensure these claims retain priority status in bankruptcy proceedings; missing the deadline risks mixing them with general creditor claims, potentially disadvantaging small suppliers and employees.
View Source
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

Related News

07-12 05:17
Phantom Mobile App Restores Normal Operations on July 12
07-11 01:05
Hana Securities Analyst Questions Home Plus Closure as Sole Investment Catalyst for Retailers
07-10 15:19
Homeplus Crisis Deepens as MBK, Meritz Fail to Agree on 100 Billion Won Funding on July 9
07-09 06:45
Meritz Financial Rejects Using 170B Won From HomePlus Store Sales as Emergency Operating Fund on July 9
07-09 02:43
National Pension Fund Suspends Private Equity Investments After 612.1 Billion Won Homeplus Loss, July 9
In-Depth Analysis

Watcha Faces May 16 Rehabilitation Deadline as Homeplus Nears May 20 Appeal

Crypto Frontier07-11 13:21

MBK Partners and Meritz Financial Fail to Resolve Homeplus Funding Dispute

Crypto Frontier07-10 15:21
Comment
0/400
No comments