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Games & Commerce

Court ends Interpark Commerce rehabilitation procedure

A Seoul court has terminated Interpark Commerce’s rehabilitation proceedings, ruling that its liquidation value is higher than its value as a going concern. The firm failed to submit a rehabilitation plan by the court deadline. Interpark Commerce, which has been under court management without a buyer alongside Wemakeprice, could face a bankruptcy review once the decision becomes final. Wemakeprice was declared bankrupt last month after a large unpaid settlement incident, while Tmon ended its rehabilitation after a sale to Oasis.

Telecommunications & Media

Nuriho makes contact with nine of twelve cubesats, early operations steady

South Korea’s space agency and the Korea Aerospace Research Institute said nine of the twelve cubesats launched on the Nuriho rocket have made initial contact. Thirteen satellites, including a next-generation medium satellite, reached a 600 km orbit. Three cubesats have yet to make first contact, and efforts using U.S. orbital data will continue. Contacted satellites are undergoing early checks before starting full missions.

Games & Commerce

Musinsa to open Megastore and Standard outlets at Yongsan Ipark Mall

Musinsa said it will open the Musinsa Megastore Yongsan and Musinsa Standard Ipark Mall Yongsan on December 11. The location is the company’s first combined mall format and its largest offline store. The Megastore will gather about 200 brands across multiple curated categories. The Standard outlet will offer its full lineup. Musinsa will apply its online convenience features offline and hold several opening promotions.