The Korea Imports Association announced on the 27th that it has urged the government and the National Assembly to come up with emergency measures for non-payment of public interest bonds by food raw material import and processing companies that occurred during the Homeplus rehabilitation process.

As a result of the damage survey conducted by the association on member companies, the amount of unpaid damage from 10 companies that responded was about 27.2 billion won. Of the 10 member companies surveyed, nine are food-related companies, and all nine are experiencing a series of management crises, including delays in payments to overseas suppliers, production disruptions and reduced employment.

The association explained that the unpaid bill is not a general commercial bond, but a "public interest bond" that is subject to preferential repayment under the Debtors' Rehabilitation and Bankruptcy Act with the price of goods supplied to maintain Homeplus' normal business after the court's rehabilitation process began. The association also called for the formation of a pan-government emergency consultative body, implementing emergency financial assistance, and implementing responsible reimbursement, defining the situation as a national issue directly related to "protecting the national food supply chain and stabilizing table prices" beyond simple bond disputes between companies.

Yoon Young-mi, chairman of the Korea Imports Association, said, "This situation is not a bond issue of a specific company, but a matter of protecting the national food supply chain. If public interest bonds are not protected, the damage could spread beyond manufacturing and logistics industries to the national food price and national supply chain." He added, "We will respond to the end to protect the rights and interests of companies affected by member companies and to draw support from the government and the National Assembly."

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