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THREATENING THEIR SURVIVAL The recent financial turmoil at TMON and WeMakePrice is plunging countless small businesses into severe economic distress. Vendors who rely on these platforms are grappling with massive unpaid sums, threatening their survival and potentially cascading through the supply chain. On July 25, a growing crowd of aggrieved customers gathered at TMON's headquarters in Gangnam, Seoul, demanding refunds. A notable electronics and camera retailer, referred to as Company A, is among those suffering from the crisis. Despite delivering goods and taking out pre-settlement loans to cover the costs, Company A has yet to receive its 1.1 billion won payment for May sales, originally scheduled for June 22. This delay has compounded with unpaid funds from June and July, escalating the financial strain. The company’s representative expressed concerns about potential bankruptcy if the situation persists, despite the firm’s historically strong credit and profitability. The pay...

Money tied up The ongoing payment delays at Tmon and WEMAKEPRICE, both part of the Qoo10 Group, have intensified financial distress among many small and medium-sized sellers. With significant amounts of money tied up, there is growing fear of widespread bankruptcies and a ripple effect impacting the broader financial sector. Urgent measures are needed as the situation threatens to escalate further. The financial crisis at Tmon and WEMAKEPRICE has begun to cast a long shadow over the thousands of small and medium-sized sellers relying on these platforms for their business. The payment delays for sales revenue have put many sellers in a precarious financial position, with some facing the grim prospect of bankruptcy. Growing Financial Distress Among Sellers According to recent reports, sellers on Tmon and WEMAKEPRICE are experiencing severe delays in receiving their sales payments. The delay in payment settlements has led to a dire cash flow situation for many small businesses. For some ...