It's not just suppliers Homeplus hasn't paid up. They haven't properly paid their employees' national pension or medical insurance either. Homeplus is ultimately closing 5 locations, including Gayang (Seoul) and Ilsan (Gyeonggi-do), after failing rent negotiations. The Seoul Bankruptcy Court is waiting for Homeplus's rehabilitation plan until the 29th of this month.
"Everyone is raging at MBK for asset stripping the company, but the real crisis is where people are gonna get their beloved specialty pork now."
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