South Korea's Seoul Bankruptcy Court has reversed its earlier decision to terminate Homeplus' corporate rehabilitation proceedings, extending the case until 4 September after the discount retailer filed an appeal. The appeal was lodged by Homeplus on Monday (20 July), contesting the court's ruling of 3 July, which had sought to conclude the rehabilitation process. That earlier decision followed the retailer's failure to secure at least Won200bn ($134m) of the funding required to sustain restructuring ...

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