With Homeplus entering bankruptcy due to the Seoul Bankruptcy Court's decision to abolish rehabilitation procedures, there are continued calls from the political and labor circles for a rehabilitation plan. In particular, there are strong voices that the majority shareholder, private equity fund MBK Partners, must take responsibility. On the 3rd, the 4th Division of the Seoul Rehabilitation Court decided to abolish the Homeplus corporate rehabilitation procedure. The court ruled that Homeplus was unable to secure the minimum operating capital of 200 billion won required to implement the plan, so there was no possibility of carrying out the plan. However, it was announced that the rehabilitation process can be resumed if Homeplus raises operating funds within 14 days and files an immediate appeal. The deadline is the 20th of this month, based on the 3rd of the decision. If there is no immediate appeal by then, forced execution of Homeplus property will resume. The Supermarket Industry Workers' Union issued a statement saying, “If 200 billion won in funds is not raised, Homeplus will eventually head toward liquidation,” and pointed out, “This is not simply a problem for one company, but a social disaster that will destroy hundreds of thousands of jobs and the local economy.” union