Homeplus General Union Urges Suppliers to Agree to Installment Repayment of Public Claims

The general labor union of Homeplus has appealed to public claim holders, including suppliers, to agree to the installment repayment of their claims.

In a statement released today (the 26th), the union stated, "We ask that the 1,267 supplier partners actively participate and agree to the installment repayment of public claims for the court's approval of the rehabilitation plan."

The union noted, "The consent rate among suppliers is currently in the 30% range," adding, "The livelihood of 300,000 people—including 9,000 Homeplus executives and employees, small business owners operating stores within the locations, and connected partner companies—depends on whether the rehabilitation plan is approved."

Previously, Homeplus announced on the 24th that it had requested public claim holders to agree to the installment repayment of claims ahead of the September 4 deadline for approval of the rehabilitation plan.

If the consent rate among public claim holders remains low, the rehabilitation court may determine that the rehabilitation plan is unfeasible due to financial burdens and refuse to approve it.

Homeplus public claims include unpaid wages, severance pay, and unpaid supplier payments (commercial claims).

The total scale of public claims amounts to approximately 930 billion won, of which commercial claims account to 503 billion won.

Because wage claims also constitute public claims, Homeplus is requesting current and former employees to agree to delayed payments of wages and severance pay.

The consent rate among executives and employees stands at 75%.

(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.