Since March, corporations that have been undergoing corporate rehabilitation procedures, Homeplus will close the operations of Homeplus Express Sangdo store, a corporate supermarket (SSM), next month.
According to the retail industry on the 21st, Homeplus Express Sangdo store, located in Dongjak-gu, Seoul, will operate only until the 31st.
Online delivery from Homeplus Express Sangdo store will only be available until the 21st.
In addition, Homeplus Express Sanggyejangam store will be converted to a franchise starting from the 1st.
At the same time, the online delivery service offered at Homeplus Express Sanggyejangam store will only be operated until the 21st.
Regarding the closure of Homeplus Express Sangdo store, the company stated that it is unrelated to corporate rehabilitation.
A Homeplus official said, "This closure is due to the contract expiration and is unrelated to corporate rehabilitation."
Recently, Homeplus has notified the termination of contracts for 17 stores where progress has not been made in rent adjustment negotiations, with the approval of the court.
Based on the rehabilitation process initiated on March 4th, Homeplus has been negotiating rent adjustments with landlords of 61 rental stores under Article 119 of the Debt Rehabilitation Act due to excessively high rent, but failed to reach an agreement with landlords of 17 stores.
However, Homeplus noted that even if an agreement is ultimately not reached, it plans to guarantee the employment of all employees belonging to the relevant stores and stated that there would be no artificial restructuring as a result.