South Korean prosecutors investigate TMON and WeMakePrice for embezzlement and fraud, involving 1.28 trillion won in overdue payments to 48,000 vendors.
South Korean prosecutors are investigating e-commerce companies TMON and WeMakePrice over allegations of embezzlement and fraud linked to their parent company, Qoo10. The inquiry focuses on large financial transfers and payment delays to vendors, with overdue payments estimated at 1.28 trillion won, impacting about 48,000 vendors. The investigation follows TMON and WeMakePrice's court receivership filings due to liquidity issues.
September 29, 2024
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