Shipping logistics company Propak, based in South African city Pretoria, is losing its bid to reopen its doors.
The company said Thursday that it was not aware of the filing by South African shipping company Siam Commercial Ltd.
in the country’s High Court to reopen the company.
Propak, which has been operating since 2007, is one of the oldest companies in South Korea, according to the company’s website.
The company was established in the 1990s in the South Korean city of Gyeonggi, according a timeline published on its website.
A spokeswoman for Siam said the filing was not a decision to close the company, but it had decided not to proceed with the closure.
“Siam Commercial is looking into this matter,” said the spokeswoman.
The spokeswoman declined to provide further details about the filing.
South Korean lawmakers are set to vote in the coming weeks on whether to allow Propak to reopen, but the company said it would have to meet the requirements of South Africa’s High Administrative Court before it can reopen.
Siam had previously requested a court order to reopen in 2017, which the company eventually failed to meet.
The court has said that Propak can reopen under the law if it can prove that it can continue operations and meet the terms of the law, such as paying wages and the filing of tax returns.
South Africa’s government is set to adopt a law later this year to allow companies to reopen if they have a “firm and viable plan to reopen,” according to a report from the news website, Reuters.
South Africa has been facing an acute shortage of trucks, and the company that owns Propak said in January that it would not reopen.
The trucking industry in South South Africa relies heavily on trucking contracts signed with foreign trucking companies to deliver goods to customers, and many companies in the industry have been hit hard by the downturn in global oil prices.
The companies that have opened their doors in South Australia have also faced criticism from local governments, which have warned that the closure could cause hardship for South Africans.
A petition on Change.org demanding the government open the companies doors garnered more than 300,000 signatures in a matter of days in April.