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[Anchor] With the court's decision to terminate the corporate rehabilitation plan, the possibility of Homeplus's bankruptcy is growing. The problem is that this situation will not end with Homeplus being the only crisis. Concerns are rising that a domino effect of damage to tenant businesses and small and medium-sized partner companies is inevitable. Reporter Oh Joo-hyun covered the scene. [Reporter] In front of a Homeplus store in Seoul. Yellow ribbons bear the desperate pleas of employees, such as "Give us our wages" and "Implement the normalization of Homeplus." With the court deciding to terminate Homeplus's corporate rehabilitation plan on the 3rd, the situation at Homeplus stores has further deteriorated. As supply disruptions continue for an extended period, refrigerators are filled with spatulas instead of food, and the shelves where refrigerated beverages should be are filled only with seaweed for gimbap. Many tenant businesses, including clothing stores and restaurants, have already closed their doors, creating an atmosphere of eerie silence. If major shareholder MBK Partners and largest creditor Meritz Financial Group fail to reach an agreement on raising 200 billion won by the upcoming 17th, Homeplus's bankruptcy will become a reality. Concerns are rising that a chain reaction of damage is inevitable, as Homeplus's tenants and small and medium-sized partner companies will be affected one after another if the company goes bankrupt. It is also expected to act as a negative factor for the self-employed economy. Last year, 975,000 businesses closed down, nearing the 1 million mark. In particular, the number of businesses that eventually shut down after holding out for more than five years reached approximately 317,000, marking the highest level since 2005, when statistics became available. [Choi Won-young / Director General of Small Business Policy Division, Ministry of SMEs and Startups (October 30)] "Business closures due to poor performance account for about half, or 50.4%, and this figure is increasing every year. In particular, for the six major small business sectors, the proportion has soared to 55.7%, indicating an increase in involuntary closures where businesses are forced to shut down after being unable to hold out any longer." Amid growing concerns that Homeplus's bankruptcy is becoming a reality, the National Assembly's Political Affairs Committee has decided to proceed with a hearing to summon private equity firm MBK Partners and Meritz Financial Group regarding the Homeplus crisis. This is Oh Joo-hyun from Yonhap News TV. [Video Reporting: Shin Yong-hee, Choi Seung-yeol] [Video Editing: Kim Se-na] [Graphics: Kim Se-yeon] ▣ Subscribe to Yonhap News TV's Documentary Channel 'Docu-Digging' / @docu-digging ▣ Subscribe to Yonhap News TV YouTube Channel / @yonhapnewstv23 ▣ The Beginning of Korean News: Yonhap News TV http://www.yonhapnewstv.co.kr/
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Homeplus heading toward bankruptcy… “Failed to secure 200 billion won in funding”

