Good People Applies for Rehabilitation Proceedings of Subsidiary Choco Square

[Asia Economy Reporter Minji Lee] Choco Square, a subsidiary of Joheun Saramdeul, announced on the 28th that it has filed a petition for the commencement of rehabilitation proceedings with the Seoul Bankruptcy Court.

The company stated, "After the application, the Seoul Bankruptcy Court is expected to decide whether to commence rehabilitation proceedings based on the review of the petition for commencement of rehabilitation proceedings and attached documents submitted by the parent company, Joheun Saramdeul Co., Ltd."