Seoul Milk, the top player in the domestic milk market, will temporarily suspend its supply to Homeplus.
According to the industry on the 19th, Seoul Milk plans to stop the supply to Homeplus starting on the 20th. Seoul Milk's nationwide agents conveyed this notice.
Seoul Milk was in discussions regarding the payment process after Homeplus entered corporate rehabilitation proceedings. However, as the negotiations did not proceed smoothly, it was decided to temporarily halt the supply.
Following the corporate rehabilitation proceedings of Homeplus, on the 6th, companies such as OTOKI, Samyang Foods, and LOTTE Wellfood declared a suspension of supply, but after negotiations with Homeplus, they resumed supply after a day or two.
Seoul Milk is the first in the milk industry to suspend its supply to Homeplus.
Seoul Milk noted, "We requested to shorten the payment cycle, but it has not been agreed upon yet," adding, "We will continue to negotiate with Homeplus, and if the negotiations go well, we plan to resume supply."