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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 ...

Qoo10 Qoo10 Group, led by founder Ku Young-bae, is facing severe financial scrutiny amidst a growing scandal involving Tmon and WEMAKEPRICE. The company’s financial instability, highlighted by unpaid acquisition funds and delayed refunds, has led to mounting calls for Ku Young-bae to address the situation.  Recent revelations have shed light on the financial challenges plaguing Qoo10 Group. The group's financial operations have been under intense scrutiny as it struggles with significant issues including unpaid acquisition funds and unresolved refund crises at Tmon and WEMAKEPRICE. Financial Mismanagement and Operational Issues It has come to light that Tmon and WEMAKEPRICE, two key subsidiaries of Qoo10 Group, have been managing their finances through a small team from Qoo10 Technology. These companies have reportedly lacked dedicated finance departments, with their financial operations being handled by staff from Qoo10 Technology. This arrangement has reportedly contributed to t...