Court declares bankruptcy of Interpark Commerce

Interpark’s headquarters / Yonhap Interpark Commerce, an online retail subsidiary of e-commerce giant Qoo10 Group hit by an insolvency crisis last year, was declared bankrupt by a court Tuesday. The Seoul Bankruptcy Court made the ruling one year and four months after Interpark Commerce applied for rehabilitation proceedings in August 2024. Creditors have until Feb.…

Court declares bankruptcy of Interpark Commerce

SEOUL, Dec. 16 (Yonhap) — Interpark Commerce, an online retail subsidiary of e-commerce giant Qoo10 Group hit by an insolvency crisis last year, was declared bankrupt by a court Tuesday. The Seoul Bankruptcy Court made the ruling one year and four months after Interpark Commerce applied for rehabilitation proceedings in August 2024. Creditors have until…

Interpark Commerce, which has been suffering from financial difficulties in the aftermath of the Tim..

사진 확대 Interpark Commerce Logo [Courtesy of Interpark Commerce] Interpark Commerce, which has been suffering from financial difficulties in the aftermath of the Timon and Wemakeff incidents, was eventually declared bankrupt. On the 16th, the Seoul Rehabilitation Court (Chief Justice Jung Joon-young) declared the debtor Interpark Commerce Co., Ltd. bankrupt. It has been two weeks…