[홈플러스 M&A] 농협 인수 가능성 '재점화'…업황 불투명 한계도

Homeplus's potential acquisition by Nonghyup exposes the existential pressure facing traditional Korean retailers as e-commerce sales overwhelm brick-and-mortar channels by a 3x margin. For Nonghyup, the acquisition represents a strategic opportunity to modernize its agricultural distribution network and gain urban retail footholds, yet persistent concerns remain about profitability in a market rapidly shifting toward digital platforms. The deal ultimately reflects the structural challenge of revitalizing offline retail amid accelerating consumer migration to online shopping.