Zentoshin, an Osaka-based credit card payment processor, has received approval to begin bankruptcy proceedings.
The company provided a service that paid sales proceeds to credit card merchants before they received payments from credit card companies.
On July 7, 2026, it received court approval to start bankruptcy proceedings.
The COVID-19 pandemic is noted among possible contributing factors.
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The Seoul Bankruptcy Court decided Friday to end rehabilitation proceedings for Homeplus after the retailer failed to secure needed funds.
Zentoshin, an Osaka-based credit card payment processor, filed for bankruptcy on Monday. The filing affects banks and restaurants that rely on its services.
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Sixty-three creditors are pursuing claims totaling ¥115.16 billion following the collapse of Osaka-based payments firm Zentoshin.
Biotech company Carbiotix in Lund has been declared bankrupt. The firm was delisted from Spotlight Stock Market at the end of last year.
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Major Japanese auto parts maker Denso Corp has withdrawn its buyout proposal for semiconductor firm Rohm Co after failing to secure its support. Denso President Shinnosuke Hayashi announced the decision at a press conference in Nagoya. The company plans to further advance its current relationship with Rohm.