Homeplus still faces additional financing needs to service its massive debt obligations and sustain its long-term rehabilitation after resuming normal operations last week with a 200 billion won ($143 million) emergency credit line, industry officials said Thursday. According to the company’s second revised rehabilitation plan, the retailer, which was pushed to the brink of bankruptcy, plans to raise a total of 1.42 trillion won by selling 23 company-owned stores by 2028. However, even liquidating a large portion of its store portfolio will not be enough to cover its funding needs throughout the rehabilitation period. The firm faces a key test in February 2030, when 812 billion won in administrative claims will come due, including 398 billion won in supplier payments and 100 billion won in unpaid rent. Homeplus plans to cover the shortfall by taking out 592 billion won in new loans collateralized by its remaining property assets. To secure bank financing, Homeplus must engineer a dramatic financial turnaround. The company projects an operating loss of 10.3 billion won on revenue of 3.3