Homeplus, which is undergoing corporate rehabilitation procedures (court management), announced on the 26th that it will hold the 3rd event of its founding anniversary sale 'HomeplusRun', titled 'Celebrating Our Founding HomeplusRun Thank You Customer Event', starting on the 27th.
Homeplus is making every effort to secure cash flow to pay off commercial debts with daily cash inflows from operations since the commencement of rehabilitation on the 4th.
Following the 'HomeplusRun Is Back' event held in celebration of its 28th founding anniversary from the 28th of last month to the 12th, Homeplus also held a two-week 'Encore! HomeplusRun Is Back' event from the 13th to the 26th.
Homeplus also decided to continue the 'Celebrating Our Founding HomeplusRun Thank You Customer Event' from the 27th to the 2nd of next month.
Homeplus explained, 'Despite the difficult situation, we set up this thank you event with the intention of providing substantial rewards to customers who have trusted and visited Homeplus during the HomeplusRun event.'
'HomeplusRun Thank You Event' was not held last year. Homeplus plans to continue discount events to consistently attract customers, similar to other large discount stores.
As of this morning, Homeplus reported that the amount of commercial debt (delivery payments, settlement amounts, etc.) paid is 545.8 billion won, including 57.2 billion won from the previous day. This figure includes all commercial debts that occurred from December of last year to February of this year, along with 'public debts' that arose within 20 days before the commencement of rehabilitation and commercial debts that occurred thereafter.
Homeplus suspended all commercial debt payments upon applying for rehabilitation on the 4th, but resumed payments on the 6th. Homeplus expressed difficulty in expediting the payment of debt securities related to asset-backed securities for card payments.
In a press release on the same day, Homeplus explained, 'Once the court approves the rehabilitation plan, the debts related to the purchase liabilities will be classified as rehabilitation debts, but they will not be paid early and will be paid according to the repayment plan reflected in the rehabilitation plan.'
It added, 'Continuous operation is essential for normalization, so to maintain product supply and prevent financial shortages for partners, the court has specially approved early payments for commercial debts related to product transactions.'
Purchase liability securitization refers to issuing short-term bonds or other securities based on accounts receivable for goods that are to be paid for later using credit cards.