Odaily News: In response to the inquiry about the restoration procedure of Haru Invest, which was previously announced but CEO Hyung-soo Lee did not attend, the substantive trial will continue next month and will take place on September 7th. Furthermore, the court has requested to ascertain the identity of the debtor before the next trial date. (News1)



Earlier on August 7th, CEO of Haru Invest, Hugo Lee, sent a letter to its members stating that certain members have applied to the court for an order to initiate the restoration procedure. The court has issued a preservation disposal and a comprehensive injunction order against Haru Invest Korea Co., Ltd. The preservation disposal prohibits the debtor from repaying assets before making a decision to initiate the restoration procedure, while the comprehensive injunction order prevents creditors from enforcing the debtor's assets before making a decision to initiate the restoration procedure. Haru Invest will be questioned this month regarding the aforementioned restoration procedure case and will provide opinions to the court regarding the restoration procedure. Currently, Haru Invest is seeking to recover assets from B&S Holdings through civil and criminal legal means, but it is expected to take some time to retrieve the assets. Therefore, a plan for interim seizure and distribution of other assets will be summarized and submitted to the court.