Meeting and Rest Areas as 'View Hotspots'... Tmon Strengthens Partner Policy

[Asia Economy Reporter Kim Cheol-hyun] TMON is putting great effort into supporting and nurturing newly onboarded partner companies. The primary goal is to provide online sales channels to small business owners who have been affected by the novel coronavirus disease (COVID-19), enabling them to achieve successful sales. Underlying this is the judgment that securing competitive partners to improve performance and enhance financial soundness is more important than ever as the company prepares for a domestic stock market listing next year.

According to the e-commerce industry on the 3rd, TMON recently established the 'TMON Lounge' at its headquarters in Daechi-dong, Gangnam-gu, Seoul. The 13th-floor space was vacated due to departmental relocations and made available for use by TMON’s partner companies and employees. Although the lounge, which will consist of caf? facilities, meeting rooms, and rest areas, has not officially opened yet, it is already gaining a reputation in the industry as a so-called 'view hotspot' with panoramic views of the Han River, Tancheon Stream, and Lotte World Tower in Jamsil.

TMON’s decision to create a dedicated space for partners at its headquarters is interpreted as part of the partner support policies it has been steadily promoting this year. Since August last year, TMON has been implementing a '0% sales commission policy for new partners,' exempting sales commissions for up to 60 days for newly established partners. As a result, the number of partners joining TMON has been steadily increasing. As of October, the number of newly onboarded companies increased by more than 50% compared to the same period last year. Partners are also experiencing sales growth through TMON. From March to August, when COVID-19 was rapidly spreading, the number of partners generating sales increased by 15% compared to the same period last year. During the same period, the number of companies achieving monthly sales of over 100 million KRW also rose by 24% year-on-year.

TMON has revamped partner-exclusive spaces not only offline but also online. In the second half of this year, it revamped the online service 'TMON Partner Center.' The new onboarding page of the TMON Partner Center was launched, introducing services such as success stories of partners who achieved results using TMON’s time-commerce stores and TVON, as well as detailed page production services like Time Agency.

An industry insider explained, "For TMON, which is preparing for an initial public offering next year, securing and nurturing competitive partners is a crucial moment. It appears that they are strengthening support policies both online and offline to help new partners understand TMON’s sales environment at a glance and establish sales strategies using various methods."

This content was produced with the assistance of AI translation services.