Interpark Commerce Moves Towards Corporate Restructuring and ARS Program Application – Unsettled Sales Amounts to 55 Billion Won
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Interpark Commerce is moving forward with an application for corporate restructuring and the Autonomous Restructuring Support (ARS) program Interpark Commerce is moving forward with an application for corporate restructuring and the Autonomous Restructuring Support (ARS) program. As a subsidiary of Qoo10 Group, operating AK Mall and Interpark Shopping, the company is dealing with unsettled sales amounting to 55 billion won and plans to seek corporate recovery and normalization through the ARS program. On August 16, 2024, it was reported that Interpark Commerce is considering applying for corporate restructuring and the Autonomous Restructuring Support (ARS) program. This decision is closely related to the financial difficulties faced by Interpark Commerce, a wholly-owned subsidiary of Qoo10 Group. The company's unsettled sales amount to approximately 55 billion won, with about 8 billion won of this amount tied up in TMON's TMONPG. Kim Dong-sik, CEO of Interpark Commerce, stated...