Support for Homeplus workers and suppliers after rehabilitation proceedings were discontinued — wage guarantee payments and 440 billion won in emergency liquidity
Source material is a Korean government announcement (in Korean).
Workers affected by the discontinuation of Homeplus's rehabilitation proceedings can receive a wage guarantee payment of up to 21 million won each and a living cost loan of up to 10 million won at 1.5% a year, and suppliers receive a total of 440 billion won in emergency liquidity.
Key facts
| Wage guarantee payment for unpaid wages | Up to 21 million won per person |
|---|---|
| Living cost loan | Within the amount of unpaid wages, at 1.5% a year, up to 10 million won |
| Living stability funds | For workers still employed with income at or below 50% of median income (2.68 million won a month for a 3-person household), at 1.5% a year, up to 20 million won |
| Emergency liquidity for suppliers | 440 billion won in total (90 billion won in emergency management stabilisation funds plus 350 billion won in special guarantees) |
| Expanded funding for small businesses | Emergency management stabilisation fund limit raised from 70 million won to 100 million won, with the interest rate cut by 0.5 percentage points |
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Workers affected by the discontinuation of Homeplus's rehabilitation proceedings can receive a wage guarantee payment of up to 21 million won each for unpaid wages, plus a living cost loan at 1.5% a year of up to 10 million won. Small businesses and SMEs that count Homeplus as a main customer will receive a total of 440 billion won in emergency liquidity. The Ministry of Finance and Economy (재정경제부) set out the support measures, focused on income security for workers and protection for suppliers, through a meeting of the inter-agency task force (TF).
Summaries below are factual notes based on government announcements and primary sources — not evaluations or opinions.
FAQ
What support do affected workers get?
A wage guarantee payment of up to 21 million won per person for unpaid wages, and a living cost loan of up to 10 million won at an interest rate of 1.5% a year within the amount of unpaid wages.
How much support goes to suppliers?
Small businesses and SMEs receive a total of 440 billion won in emergency liquidity, made up of 90 billion won in emergency management stabilisation funds and 350 billion won in special guarantees.