E-commerce troubles

: Impact feared to spread beyond Tmon, WeMakePrice to e-commerce sector

Last week, South Korea’s e-commerce industry plunged into turmoil as two well-known platforms affiliated with Singapore-based Qoo10 Group failed to make pay…

E-commerce troubles

: Impact feared to spread beyond Tmon, WeMakePrice to e-commerce sector

Last week, South Korea’s e-commerce industry plunged into turmoil as two well-known platforms affiliated with Singapore-based Qoo10 Group failed to make pay…

Seoul shares ended higher for a second straight session Monday amid hopes that the U.S. Federal Reserve will hint at a potential rate cut in September. The Korean won rose against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOS…

Today (%) Previous Session(%) Change (BP)

1-year TB 3.156 3.193 -3.7

2-year TB 3.057 3.100 -4.3

3-year TB 2.978 3.024 -4.6

10-year TB 3.046 3.108 -6.2

2-year MSB 3.040 3.078 -3.8

3-year CB (AA-) 3.434 3.482 -4.8

91-day CD 3.500 3.500 0.0

Sou…

The government has decided to extend at least 560 billion won (US$445.07 million) of funds to support small vendors suffering from payment delays by the e-commerce platforms TMON and WeMakePrice, the finance ministry said Monday.

The two South Korea…

Consumers filed a complaint against the owner of e-commerce platforms WeMakePrice and TMON and other executives Monday in connection with payment delays to consumers and vendors amid liquidity woes.

The complaint was filed against five people, inclu…

South Korea’s presidential committee on population policy announced an additional set of plans on Monday to ease the housing burden for families with young children, as the government struggles to address critically low birth rates.

Under the new po…