The South Korean government is contemplating stricter regulations on e-commerce platforms' involvement in financial services to prevent another payment failure crisis. The proposed measures aim to prevent platforms from controlling vendor capital by legally separating payment gateway services from e-commerce platforms. This push for tighter regulation comes in the wake of suspicions that the recent payment delay crisis at local online marketplaces Tmon and WeMakePrice was linked to misappropriation of unsettled payments by their parent company, Qoo10. To address these issues, regulators are considering requiring e-commerce firms to split the payment gateway platform into a subsidiary or contract with external payment gateway companies. Additionally, there are plans to update regulatory frameworks to allow the Financial Supervisory Service to issue administrative sanctions to registered providers with annual sales over 100 billion won, similar to those for licensed providers. Furthermore, there are ongoing investigations into potential Ponzi schemes involving Tmon and WeMakePrice, and the Seoul Bankruptcy Court has granted them one month to pursue debt restructuring independently. The proposed regulations seek to prevent future payment crises and financial mismanagement in the e-commerce industry, particularly in light of recent events involving Tmon, WeMakePrice, and their parent company Qoo10. The government, financial regulators, and lawmakers are all working towards addressing these issues through stricter regulations and potential amendments to existing laws, with the aim of ensuring financial stability and soundness within the industry.