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Homeplus Withdraws Voluntary Retirement Plan… Employment Maintained for About 400 Applicants

[Economy 365]

Homeplus, currently undergoing corporate rehabilitation procedures, has withdrawn the voluntary retirement program it accepted applications for this month.

While the number of applicants is known to be around 400, the retirement process has been canceled, and their employment relationships will remain intact.

The payment of the remaining 75 percent of August salaries, which was scheduled to be disbursed on October 30, has also been postponed due to a lack of liquidity.

A new payment date has not been set, and some stores have even received notices of power disconnection due to unpaid electricity bills.

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