Prosecutors additionally indicted eight current and former executives, including Qoo10 chief Ku Young-bae, in connection with the "Tmon unpaid settlement case."
The Seoul Central District Prosecutors' Office's Anti-Corruption Investigation Division 1 (chief prosecutor Guk Won) said on the 29th it indicted without detention Ku, former Tmon chief Ryu Gwang-jin, former WeMakePrice chief Ryu Hwa-hyeon, and six other employees on fraud charges under the Act on the Aggravated Punishment of Specific Economic Crimes. Qoo10 is the parent company of Tmon and WeMakePrice.
In Dec. 2024, prosecutors indicted without detention Ku and nine others, including former chiefs Ryu Gwang-jin and Ryu Hwa-hyeon, on fraud charges totaling about 185 billion won in connection with the large-scale unpaid settlement crisis at Tmon and WeMakePrice.
Prosecutors then investigated complaints filed by victims, confirmed damages amounting to 840 million won, and filed additional indictments.
Ku and others are accused of exploiting the fact that Tmon and WeMakePrice temporarily hold settlement payments owed to sellers by using the settlement funds like a personal safe, siphoning them off to Qoo10 and others, and embezzling them.
Prosecutors decided not to indict 13 people, including internal employees and external business partners who were the subjects of complaints and accusations, concluding with a "no charge" decision that there was insufficient evidence to acknowledge the allegations given their affiliations, ranks, and roles.