Stock price fall fears grow for companies invested in Homeplus
Following South Korean discount retailer Homeplus Co.’s application for corporate rehabilitation procedures, concerns are growing that the stock prices of related companies will decline and that the sale of retail real estate assets will face difficulties.
According to the Korea Exchange on Thursday, Shinhan Seobu T&D REIT Co.’s stock price fell 4.57 percent from the end of February 2025.
Homeplus has a long-term lease on a portion of SQUARE1 in Incheon, one of the assets included in Shinhan Seobu T&D REIT. It occupies 28 percent of the total floor area, with prepaid rent amounting to around 12 billion won ($8.29 million). If Homeplus enters…
