Korea Joongang Daily
Korea JoongAng Daily

Prosecutors grill Qoo10 CEO over involvement in TMON, WeMakePrice payout crisis

Prosecutors summoned Qoo10 CEO and founder Ku Young-bae on Monday to question him over his involvement in the e-commerce platform’s subsidiaries' management, which has led to a seller-payout crisis.

2024-09-30

국회 출석한 큐텐 구영배 대표… “대금 현재 남아있지 않다”

Ku Young-bae, founder and CEO of troubled Qoo10, estimated the maximum amount of funds available within the company to be 80 billion won ($57.8 million) amid a massive cash crunch plaguing e-commerce platforms TMON and WeMakePrice.

2024-08-07

Prosecutors raid TMON, WeMakePrice and Qoo10 CEO's home over financial scandal

Prosecutors on Thursday morning raided the headquarters of TMON and WeMakePrice, as well as the residence of Ku Young-bae, founder and CEO of Qoo10, the parent company of the two e-commerce platforms.

2024-08-01

Qoo10 founder hit with travel ban despite pledge to resolve crisis

Ku Young-bae, the founder and CEO of Qoo10, pledged to sell off his stake or use it as collateral as a means of resolving the liquidity crisis at TMON and WeMakePrice.

2024-07-29