TMON, Wemakeprice ordered to stop asset disposal, debt repayment… Preservation order and comprehensive prohibition order applied

(Correction),

[Seoul=Newsis] Reporter Kim Geum-bo = Financial Supervisory Service officials are entering the headquarters building of Coupang Technology in Gangnam-gu, Seoul on the 30th, to investigate the settlement delay issue related to TMON and WeMakePrice. (Joint coverage) 2024.07.30. [email protected] /Photo=, ‘Due to the settlement delay issue, TMON and WeMakePrice have become unable to dispose of assets or pay off debts before the decision on corporate restructuring.’,
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, ‘The Seoul Rehabilitation Court announced on the 30th that it has accepted both the interim measures and comprehensive prohibition orders requested by the two companies the day before.’,
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, ‘The court stated, “To prevent unfairness among interested parties, business confusion, and difficulties in corporate recovery,”.’,
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, ‘According to the application, until the rehabilitation is initiated, assets cannot be disposed of or debts repaid without court permission, and enforcement is also impossible.’,
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, ‘The court plans to conduct private hearings with the representatives of these companies later this week. It appears that Ryu Kwang-jin, CEO of TMON, and Ryu Hwa-hyun, CEO of WeMakePrice, will attend the hearing.’,
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, ‘Meanwhile, the Seoul Rehabilitation Court has assigned the corporate recovery cases requested by the two companies to the section headed by Judge Ahn Byung-wook. The rehabilitation court assigns socially significant cases to judicial panels headed by judges.’, ‘article_split’,
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