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.
