"Gifticons Issued by 11st Purchased on Wemakeprice Are Usable Normally"

Gifticons Sold on Wemakeprice Worth About 1 Billion KRW
"We Will Ensure No Consumer Inconvenience"

Gifticons sold on Wemakeprice, which is experiencing delays in payment settlement, are expected to be used normally. Gifticon is a mobile gift certificate issued by 11st.

11st announced on the 25th that it has decided to allow the use of Gifticons sold on Wemakeprice that consumers have not yet used.

11th Street CI. [Image provided by 11th Street]

According to this decision, Gifticons sold on Wemakeprice can be used as long as they are within the validity period. If the seller name on Wemakeprice is listed as 'Gifticon', the product can be used normally. 11st has been selling Yogiyo, Baedal Minjok, Shinsegae gift certificates, and others on Wemakeprice.

According to 11st, the scale of unused Gifticons sold on Wemakeprice currently amounts to about 1 billion KRW. A 11st official said, "We made this decision prioritizing consumer convenience even if the unsettled losses increase," adding, "We will continue to do our best to prevent consumer inconvenience."

11st does not directly sell Gifticons on Tmon, where a similar payment settlement delay occurred.

Previously, a payment settlement delay occurred for sellers on social commerce platforms Wemakeprice and Tmon, operated by Qoo10. Sellers who did not receive settlement payments failed to properly deliver products to customers, and customers who purchased products are also experiencing difficulties with refunds.