Gu Gyeong-bae: "It's Not Fraud... Issues Occurred During Aggressive Marketing Process"

Ku Young-bae, CEO of Qoo10 Group, stated that the cause of the delayed settlement of sales proceeds from Tmon and Wemakeprice was "not done with fraudulent intent."

At an emergency hearing of the National Assembly's Political Affairs Committee held at 2 p.m. on the 30th, Ku responded to the criticism from Kim Jae-seop, a member of the People Power Party, who pointed out that payments were still possible through Interpark Commerce and that Ku was still making money, saying, "What I want to consistently say is that it was not done with fraudulent intent but rather a behavior that has continued."

He added, "Recently, the competitive environment has intensified, and we have engaged in aggressive marketing. I thought that expanding the market was the way to solve this problem," and "We considered ways for sellers to grow together through this."

Koo Young-bae, CEO of Qoo10 Group, is attending an emergency inquiry related to the 'Timon and Wemakeprice settlement and refund delay incident' held at the National Assembly's Political Affairs Committee on the 30th. Photo by Hyunmin Kim kimhyun81@

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