SOCIETY

Homeplus shutters stores amid financial crisis

by
Yoon Chang-bin
Published : July 13, 2026 - 11:15:50
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A Homeplus store in Seoul stood closed Monday morning as the hypermarket chain began a temporary suspension of operations. Homeplus said its operating funds had been entirely depleted, leaving it unable to pay suppliers or cover basic store costs such as utilities. "Our operating funds have been entirely depleted, leaving us unable to pay for products or cover basic operating costs such as utilities needed to keep our stores running," the company said.


pangbin@heraldcorp.com
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