FSS begins investigation at Qoo10 headquarters… Full-scale investigation into TMON and Wemakeprice settlement delays

The Financial Supervisory Service (FSS) began an on-site investigation at the headquarters of Qoo10 Technology on the 30th, as they are conducting a full-scale investigation into the recent settlement delay incidents involving TMON and Wemakeprice.

The FSS plans to focus on obtaining core data related to this issue, such as product delivery information and other relevant electronic records.

To this end, the FSS is reinforcing its on-site inspection team by deploying additional personnel and involving fund-tracking experts, thus strengthening support from investigative authorities.

Furthermore, Goo Young-bae, CEO of Qoo10, Ryu Kwang-jin, CEO of TMON, and Ryu Hwa-hyun, CEO of Wemakeprice, are scheduled to attend an urgent inquiry session at the National Assembly’s Political Affairs Committee in the afternoon, where they will publicly address related matters.

This inquiry is expected to discuss the causes and accountability of the settlement delay incidents, as well as future countermeasures.

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