Vice Chairman Kwon Dae-young of the Financial Services Commission suggested that if a buyer emerges during the process of normalizing Homeplus Co., there is a possibility of injecting policy funds from institutions such as the Korea Development Bank.
At the "emergency inquiry on the Homeplus situation" held at the National Assembly in Yeouido, Seoul, on the morning of the 21st, Vice Chairman Kwon answered "Yes. I think it should be normalized through adjustments," to a question from Park Hong-bae of the Democratic Party of Korea, who asked, "If corporations with an intention to acquire appear but lack acquisition funds, is the Korea Development Bank willing to provide policy finance?"
Vice Chairman Kwon said, "It is difficult to speak specifically about acquisition funds for a particular bank," but added, "I fully understand what you have in mind."
Min Byung-deok of the same party also said, "To sell, management must be normalized, and if DIP (emergency operating funds) is insufficient, the state should inject funds."
Vice Chairman Kwon said, "Together with related agencies, we will continue to pursue necessary support measures, including minimizing the impact on people's livelihoods and the economy."
Earlier, the Seoul Bankruptcy Court canceled its decision to terminate Homeplus Co.'s corporate rehabilitation proceedings and extended the deadline for passing the rehabilitation plan to Sept. 4. The judgment came on the grounds that a funding plan had been arranged as Meritz Financial Group decided to fully provide a 200 billion won DIP loan to support Homeplus Co.'s rehabilitation.