11st Supports Sellers with Timely Settlement for Timf... Special Promotion Held

Support for up to 2.1 Million Advertising Points per Seller
Special Exhibition with 77 Small and Medium Sellers

11st will hold a special event for small and medium-sized sellers struggling due to the settlement delay incident involving TMON and WEMAKEPRICE (Timep).

On the 5th, 11st announced that it will support market expansion ahead of Chuseok by organizing a special event called 'Good Sale Week' with 77 small and medium-sized sellers.

11st Good Sale Week special exhibition image. [Image provided by 11st]

This Good Sale Week event is the first support event following the 'Sales Support Meeting' held on the 29th of last month for small and medium-sized sellers affected by the settlement delay incident, and will be held until the 11th to help sellers during the Chuseok peak season.

11st will provide participating sellers in this event with advertising points worth 1 million KRW. Additionally, sellers newly joining 11st will receive 600,000 advertising points as a new seller support benefit, while original sellers will receive an additional 500,000 advertising points. This means sellers can use up to 2.1 million KRW worth of advertising points per seller. The original seller program is 11st's seller growth support program for sellers with their own unique products and brands, offering zero commission benefits until reaching 10 million KRW in sales.

Participating sellers will receive support from dedicated product planners (MDs) at 11st during the event. Categories include ▲fresh and processed foods ▲digital devices and electronics ▲golf equipment ▲tools ▲massage devices ▲toys, and more.

In addition, a 5% discount coupon for Kakao Pay Money (up to 5,000 KRW discount on payments over 5,000 KRW) will be issued once daily per ID. The event banner will also be displayed prominently on the 11st main home screen and other high-visibility areas to enhance promotional effects.

Park Hyun-soo, Chief Business Officer (CBO) of 11st, said, "This event was specially prepared for small and medium-sized sellers who need to expand their sales channels ahead of Chuseok," adding, "We will support sellers in overcoming their crisis through practical assistance that helps product sales."

Meanwhile, 11st plans to continue supporting sellers struggling due to the settlement delay incident by introducing products from this event through a live broadcast on 'LIVE11' on the 10th.