A person passes in front of TMON headquarters amid WeMakePrice and TMON, owned by Singapore-based e-commerce platform Qoo10, are facing increasingly delayed payments, in Seoul |
Seoul-based TMON and WeMakePrice have failed to make payments to merchants using their platforms since early July, with Qoo10 saying the problem was triggered by a glitch in its payment system.
The payment delays have prompted South Korean financial authorities to launch an investigation, some vendors to cut ties and long lines of customers at offices of both platforms last week demanding refunds. Vendors and customers are planning a protest later on Monday.
Full story at Yahoo News.
By Jihoon Lee and Joyce Lee
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