TMON and WeMakePrice Archives

Troubled TMON and WeMakePrice Given One Month for Debt Restructuring by Court

SEOUL, Aug. 2 (Korea Bizwire) – A court on Friday granted cash-strapped e-commerce platforms TMON and WeMakePrice one month to seek debt restructuring on their own, after they failed to make payments to their vendors. The decision by the Seoul Bankruptcy Court to allow an autonomous restructuring support program (ARS) for TMON and WeMakePrice came [...]

TMON and WeMakePrice File for Court Receivership Amid Liquidity Crisis

SEOUL, July 29 (Korea Bizwire) – TMON and WeMakePrice, e-commerce platforms of the Singapore-based Qoo10, filed for court receivership Monday, officials said, amid continuing liquidity woes due to the firms’ delays in repaying vendors operating on their platforms. The two South Korean marketplaces have been in crisis after failing to make payments to their vendors [...]