TMON will produce shows to be streamed on YouTube starting next month.
E-commerce operator TMON is teaming up with video-sharing app TikTok to encourage customers to make videos that can sell merchandise.
TMON is postponing indefinitely its plan to go public.
TMON appointed Jon In-chon as the new CEO of the e-commerce operator, the company said Monday.
TMON will be offering “negative commissions” to some sellers, giving them money rather than charging them a fee when sales are made on its open market platform.
Sales of masks and hygiene products have skyrocketed in recent weeks as the number of coronavirus cases continues to climb.
E-commerce platform Market Kurly secured 200 billion won ($163 million) in investments from a group of investors led by DST Global, the company announced Friday.
Korean companies are showing off their altruism for Children's Day, announcing a variety of donations to struggling youngsters.
The e-commerce operator on Wednesday reported 75.3 billion won ($67 million) in operating loss in 2019, compared to 125.4 billion won in the previous year, on 175.1 billion won in sales.