Seoul Court Halts HomePlus Restructuring, Threatens 12,000 Jobs on July 4

According to Seoul Rehabilitation Court, the court rejected HomePlus's revised restructuring plan on July 4, determining it was not feasible. The decision ends the company's 16-month restructuring process after it failed to secure the minimum 200 billion won needed for recovery. The ruling threatens 12,000 direct jobs and cascading effects across small suppliers and investors in asset-backed securities.
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