Concerns flare in the agricultural sector over the announcement of Homeplus closures... National Assembly predicts strong response

Published 2025년 8월 22일

Tridge summary

[Korea Farmers News Agency, Reporter Kim Kyung-wook] As the second-largest domestic supermarket chain, Homeplus, which entered corporate rehabilitation procedures (court-managed restructuring) last March, recently announced plans to close 15 stores, concerns are spreading to the agricultural sector. While measures are being taken in response to the sudden risk of reduced sales channels, the limitations are also evident, raising worries that the damage could spread to farmers. In the National Assembly, strong responses have been anticipated, pointing out the reality of speculative capital focusing only on short-term profits. The NH Economy & Life Corporation has reduced the transaction limit with Homeplus following the corporate rehabilitation procedures and is responding by supplying quantities after receiving advance payments. NH Economy & Life Corporation Wholesale Division.

Original content

Last March, the second-largest domestic supermarket chain, Homeplus, which entered corporate rehabilitation proceedings (court-managed restructuring), recently announced plans to close 15 stores, causing concern to spread to the agricultural sector. While measures are being taken in response to the sudden crisis of reduced sales channels, the limitations are also clear, raising concerns that it could spread to cause damage to farmers. The National Assembly has announced a strong response, pointing out the reality that speculative capital is only focused on short-term profits. The NH Agribusiness Corporation has reduced its transaction limit with Homeplus following the corporate rehabilitation proceedings and is supplying goods by receiving advance payments. An official from the NH Agribusiness Corporation's wholesale subsidiary explained, "Currently, we have reduced the transaction limit with Homeplus, and we are gradually returning the existing volume to other trading partners ...
Source: Agrinet

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