Tmon and WeMakePrice, two major online shopping platforms in South Korea, are facing a severe liquidity crisis, leading to unpaid earnings for sellers and difficulty for customers in obtaining refunds. Amidst this, their parent company Qoo10, based in Singapore, is reportedly seeking a $50 million cash injection from its US affiliate, Wish, to address the situation. However, South Korean authorities have expressed skepticism about the proposed amount, considering it insufficient to resolve the crisis, which has resulted in delayed payments totaling 170 billion won as of July 22. The ongoing crisis has prompted local payment service operators and card issuers to intervene by offering compensation for the damages incurred by customers. Meanwhile, Qoo10 CEO Ku Young-bae, a South Korean national, has remained largely out of the public eye during the escalating situation, and his recent resignation from Qxpress, a logistics solutions provider under Qoo10, is seen as an attempt to distance himself from the liquidity crisis of the Korean units. Despite these challenges, Qxpress has emphasized that it is not directly "related" to the cash-strapped Tmon and WeMakePrice and has minimal impact from the crisis. Ku's background includes founding Gmarket in the early 2000s and later establishing Qoo10 in Singapore after selling Gmarket to eBay, following a deal condition that prohibited him from working in the industry in Korea for 10 years. Overall, Tmon and WeMakePrice are grappling with a liquidity crisis, while their parent company Qoo10 is seeking financial support to address the situation, prompting intervention from local payment service operators and card issuers. The CEO's actions and the company's history have also come under scrutiny amidst the ongoing crisis.