Overview
- The Seoul Bankruptcy Court terminated rehabilitation and appointed attorney Lim Dae-seop as bankruptcy trustee to oversee liquidation.
- Creditors must file claims by Jan. 6, 2026, with a creditors’ meeting and claim-review hearing scheduled for Jan. 27 at the Seoul Bankruptcy Court.
- The court cited Article 286, Paragraph 2 of the Debtor Rehabilitation and Bankruptcy Act after no plan was submitted by Sept. 4, 2025.
- Industry sources estimate about 108,000 people are affected with financial damage around 600 billion won, and the company reports 48.6 billion won in assets against 446 billion won in debt.
- WeMakePrice entered receivership in July 2024 over unpaid settlements and unprocessed refunds and failed to secure a buyer through a pre-approval M&A attempt.