Homeplus reopens

Homeplus reopened 67 stores nationwide Thursday, drawing crowds of shoppers eager to take advantage of reopening discounts as the retailer seeks to recover from a severe liquidity crisis.

The reopening marked a striking change from earlier this month, when the store was operating with largely empty shelves amid the company’s financial troubles. Some food sections had been left sparsely stocked, with household goods filling otherwise empty displays.

Homeplus entered court-led rehabilitation earlier this year after struggling to meet its financial obligations. The retailer later secured 200 billion won ($141 million) in emergency operating funds, allowing the 67 temporarily closed stores to resume business.

A sign advertises a 50 percent discount on all Hanwoo beef at a Homeplus store in Seoul, the first day of its reopening on Thursday. (Yonhap)
Employees arrange products at a Homeplus store in Seoul on Thursday, when all 67 Homeplus outlets that had been temporarily closed resumed full operations. (Yonhap)
Politicians, including Han Byung-do, acting floor leader of the ruling Democratic Party of Korea, and Shin Jang-sik, leader of the minor Rebuilding Korea Party, hold a news conference at a Homeplus store in Seoul on Thursday, urging consumers to shop at the retailer to support its recovery. (Yonhap)

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