Homeplus said Thursday that Meritz Financial Group agreed to extend 200 billion won ($135 million) in emergency financing to the cash-strapped retailer, keeping

South Korea's discount chain Home Plus said it halted operations due to a lack of working capital, raising concerns about possible liquidation.

Homeplus said Thursday that Meritz Financial Group agreed to extend 200 billion won ($135 million) in emergency financing to the cash-strapped retailer, keeping

Homeplus, once Korea's second-largest discount store chain, secured a 200 billion won ($135 million) emergency loan, Thursday, giving itself a chan...

Homeplus pulled back from the edge of bankruptcy on Thursday by securing 200 billion won ($135 million) in emergency financing from Meritz Financial Group, but