‘Mogroup’ Qutenn CEO Koo Young-bae also withdraws,
On the 26th, victims of the delayed settlement of sales proceeds by Tmon and WeMakePrice are waiting to receive refunds at the Tmon headquarters in Gangnam, Seoul. Yonhap News,
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, ‘Regarding the large-scale delay in settlement of sales proceeds at Tmon and WeMakePrice, it has been confirmed that travel bans have been imposed on Koo Young-bae, CEO of Qutenn, as well as Ryu Kwang-jin, CEO of Tmon, and Ryu Hwa-hyun, CEO of WeMakePrice.’,
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, ‘According to the results of the Korea Ilbo report on the 29th, the Ministry of Justice received a request from investigative agencies for a travel ban on the three individuals and prohibited their departure. It was judged that there is a need to prevent the departure of these individuals and to urgently conduct an investigation.’,
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, ‘On this day, the prosecution began preparing for a full-fledged investigation. The Seoul Central District Prosecutors’ Office’s Anti-Corruption Investigation Team 1, led by chief Lee Jun-dong, has deployed seven prosecutors to form a dedicated investigation team for the ‘T-MeP crisis.’ Prosecutor General Yoon Seok-youl instructed, “Form a special investigation team and conduct a swift and thorough investigation to minimize the damage to consumers and sales companies.” The Gangnam Police Station in Seoul assigned the case to the Investigation Department after receiving complaints and reports from victims against five individuals, including Koo and the CEOs of Tmon and WeMakePrice.’,
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, ‘Tmon and WeMakePrice filed for corporate restructuring (court receivership) at the court that day. The prosecution and police seem to have taken steps like travel bans promptly and initiated investigations swiftly, judging that Qutenn, Tmon, and WeMakePrice faced difficulties in self-restructuring or had no intention to do so and that preventive measures needed to be taken before the damage spreads further.’,
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