E-commerce settlement deadline shortened to ‘up to 60 days’… Obligation to manage sales proceeds separately,
Han Dong-hoon, the leader of the People Power Party, is speaking at a party-government meeting related to the Wemakeprice and TMON refund turmoil at the National Assembly in Yeouido, Seoul on the morning of the 6th. From left: Jung Gyeong-ho, the floor leader, Han, and Choi Sang-mok, the Deputy Prime Minister and Minister of Economy and Finance. 2024.8.6/News1 ⓒ News1 Kim Min-ji Reporter,
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, ‘(Seoul= News1) Reporter Seo Sang-hyuk, Shin Yoon-ha = The government and ruling party decided on the 6th to finalize the refund process for general products through credit card companies during this week in relation to the Wemakeprice and TMON refund crisis. In addition, they will provide emergency management stabilization funds of 200 billion won and liquidity support of 300 billion won to affected companies. Furthermore, to prevent recurrence, they have decided to shorten the settlement deadline to up to 2 months.’,
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, ‘Kim Sang-hoon, the policy committee chairman of the People Power Party, met with reporters after a party-government meeting related to Wemakeprice and TMON and said, “To remedy consumer damages, we have decided to support the completion of refunds for general products through credit card companies and payment gateways this week.”‘,
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, ‘They will also provide liquidity support to affected companies by supplying emergency management stabilization funds amounting to 200 billion won and guarantees of 300 billion won through credit guarantee funds and technology guarantee funds for sellers. They are also considering advanced payment for unpaid wages and livelihood loans if needed.’,
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, ‘Kim, the policy committee chairman, stated, “We have requested the government to expedite fund disbursement so that affected companies can receive support in a timely manner, and the government has agreed to this.” He also mentioned, “We have requested the government to consider ways to lower interest rates for emergency liquidity funds and to increase individual limits.”‘,
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, ‘The government and ruling party have decided to shorten the e-commerce settlement deadline to a maximum of 60 days and introduce an obligation to manage sales proceeds separately.’,
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, ‘Kim, the policy committee chairman, said, “Considering the urgency of the situation, we have requested the government to promptly develop improvement measures and the government has decided to formulate comprehensive measures including institutional improvements.”‘,