MAS directs Qoo10 Pte Ltd to suspend payment services in Singapore
The suspension specifically affects Qoo10’s ability to process payments within Singapore through these covered services.
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Qoo10 founder commits to resolving TMON and WeMakePrice liquidity crisis
Ku Young-Bae, renowned for his entrepreneurial acumen and strategic foresight, expressed a firm commitment to leveraging Qoo10's resources to restore stability and ensure the uninterrupted operation of TMON and WeMakePrice.
South Korean Government steps in with KRW 560 billion to resolve Tmon, WeMakePrice vendor payments
The two platforms collectively owe a substantial 213.4 billion won to their vendors, with Tmon responsible for 128 billion won and WeMakePrice for 85.4 billion won. This amount is anticipated to rise as more transactions near completion, as estimated by the Korea Herald.