Sellers are departing from Tmon and Wemakeprice, the online shopping platforms owned by Qoo10, due to payment delays caused by liquidity issues, as reported by industry sources on Wednesday. Major retailers such as Lotte Shopping, GS Retail, and Hyundai Department Store have ceased sales on these platforms this week, citing failures in receiving payment. Similarly, travel agencies like Hana Tour, Modetour, and Yellow Balloon Tour have also stopped selling travel packages and advised customers to seek refunds. The disruptions in business operations come as Qoo10 grapples with cash flow challenges following years of aggressive acquisitions of industry competitors, with the aim of listing its international delivery service, Qxpress, on the New York stock market. Tmon and Wemakeprice have experienced declining profitability since their acquisition in 2022 and 2023, respectively, with Tmon's cash reserve dropping to 8 billion won in 2022 from 55.5 billion won the previous year, and Wemakeprice's impaired capital reaching 239.8 billion won. In response to the payment settlement delays, Tmon and Wemakeprice issued a press release on Tuesday, assuring that the delays are temporary and announcing plans to introduce a new settlement system in collaboration with a third-party financial institution next month. Qoo10, established in 2010 by Ku Young-bae, has faced challenges in its efforts to maintain the trust of sellers and customers amid these developments.