Reasons for the bankruptcy of Pizza Hut in Korea

won without agreement with the store owners. After attaching margin to auxiliary materials, price difference is used.
Pizza High’s 21 billion won worth of ill-gotten profits received this year will be returned, and rehabilitation procedures will begin.
There is an application. When business was on the verge of being halted due to forced execution of refund amount, rehabilitation was sought.
They entered the car and reached an agreement with the store owners.
According to the legal community on the 5th, the 12th Division of the Seoul Bankruptcy Court (Presiding Judge Oh Byeong-hee)
A conservation order and a populist ban order have been issued to the National Pig Port. According to the disposition,
Compulsory execution of rights holders, provision of collateral to specific creditors, or the debtor’s property
Activities such as hiding everything are prohibited.
Pizzaket also applied for the Autonomous Restructuring Program (ARS) at the same time as applying for rehabilitation procedures.
did it ARS, like Tion and WeMakePrice, was held for one month before going through legal rehabilitation procedures.
This is a program that conducts autonomous negotiations with creditors over time. creditors
If an agreement is reached by obtaining the consent framework of 1009, the rehabilitation procedure applied for by Pizza High is the same.
Ends with However, if an agreement is not reached, a rehabilitation procedure will be followed under court mediation.