WeMakePrice names new president and CEO

WeMakePrice's new CEO Ha Song. [WEMAKEPRICE]

Online shopping platform WeMakePrice named Ha Song as its new CEO and president.

Ha, the company’s vice president, has been acting CEO since August when Park Eun-sang got sick.

Park, who was WeMakePrice CEO for eight years, went on a month's vacation in June, and did not return to work due to his medical condition, according to WeMakePrice.

As of Monday, Park’s official title is advisor to the company.

WeMakePrice “will strengthen the curation service that is the best in the industry, and invest in advancing technologies to make our platform more competitive from a customer's point of view,” said Ha in a statement on Monday.

Ha was responsible for marketing, sales and new businesses like payment services. Before joining WeMakePrice, he was a researcher at the Samsung Economic Research Institute.

WeMakePrice last year reported a 54 billion won ($48.3 million) operating loss, 29 percent less than 75.7 billion won a year before, according to a preliminary earnings report. Its sales were 386.4 billion won, 17 percent less than a year earlier.

The company blamed Covid-19 for last year's disappointing performance.

BY JIN MIN-JI [jin.minji@joongang.co.kr]