Qoo10’s CEO pledges personal assets worth $58M to compensate Korean merchants affected by its liquidity crisis
The founder and CEO of Singapore-based marketplace Qoo10 has pledged to use his personal assets to secure about $58 million (80 billion KRW) to compensate South Korean customers and vendors affected by his company’s liquidity crisis, which in turn resulted in failed payments to about 60,000 small merchants who sell through its Korean marketplace subsidiaries, […]