Seoul Milk to Halt Supply to Homeplus, Citing Payment Issues
Kim Jisun
stockmk2020@alphabiz.co.kr | 2025-03-20 03:22:24
Photo = Homeplus
[Alpha Biz= Kim Jisun] Seoul Milk has decided to suspend product deliveries to Homeplus, which is currently undergoing corporate rehabilitation.
A representative from Seoul Milk Cooperative stated on Wednesday, "Starting tomorrow (March 20), we will halt deliveries to Homeplus. We requested a shorter payment cycle, but no agreement has been reached yet."
The representative added, "We will continue discussions with Homeplus, and if an agreement is reached, we plan to resume supply."
Earlier, on March 7, Seoul Milk had initially planned to suspend deliveries to Homeplus but ultimately continued supplying products after successful negotiations.
This marks the first time a dairy company has suspended deliveries to Homeplus. Previously, major food companies such as Ottogi, Dongsuh Foods, and Lotte Chilsung Beverage had also halted supplies to Homeplus but later resumed deliveries.
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