Interpark Commerce declared bankrupt by court

The Interpark buildingYONHAP The Seoul Bankruptcy Court on Tuesday declared Interpark Commerce, an online retail subsidiary of e-commerce company Qoo10, bankrupt after financial problems arose from Qoo10’s other subsidiaries’ unpaid seller fees.  The decision comes 16 months after Interpark Commerce applied for receivership. Creditors may file claims with the court through Feb. 20, 2026.  The court…

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…