Homeplus Gets Lifeline: Meritz to Provide 200 Billion Won in Funding

Meritz Financial Group has decided to provide 200 billion won in emergency operating funds to support the corporate restructuring of Homeplus.

The three Meritz Financial affiliates, which are the largest creditors of Homeplus, held a board meeting today (July 16) and approved the support plan.

Once the funds are disbursed, MBK Partners Chairman Kim Byung-ju and MBK Partners plan to provide joint guarantees for the entire loan amount.

Homeplus announced that it will file an immediate appeal to the court on the 20th and plans to resume hypermarket operations if the rehabilitation process continues.
※ Please note: This article was translated by AI and may contain errors.