Gmarket Supports Sellers Affected by Timf... Conducts Win-Win Promotion

Promotion Support Including Discount Coupons for Over 700 Sellers

Shinsegae Group-affiliated e-commerce platforms Gmarket and Auction announced on the 2nd that they will hold a 'Win-Win Market' promotion to support small and medium-sized enterprises (SMEs) and small business owners affected by the settlement delay crisis of Tmon and Wemakeprice (Timep).

This Win-Win Market was planned to help SMEs and small business owners struggling with cash flow due to settlement delays recover their online sales channels through Gmarket and Auction.

Gmarket to Provide Focused Support for Over 700 Timf Sellers Affected by Settlement Delays.
[Image provided by Gmarket]

For sellers participating in the Win-Win Market, marketing costs such as expanded product exposure and discount coupon provision to promote sales will be supported. Purchasing customers can buy products from relatively reasonably priced SMEs and local producers’ specialties from rural areas with additional discount coupons applied.

First, the 'SME Win-Win Market' special exhibition will be held until the 12th. The exhibition will showcase products from about 200 companies designated by the government as victims of the Timep settlement delay. In addition to expanding product exposure opportunities by introducing the exhibition with banners at the top of the main pages of Gmarket and Auction, discount coupons will also be supported by government agencies to reduce the burden on sellers. The 10% discount coupon can be used for purchases over 10,000 KRW, with a maximum discount of 10,000 KRW. It can be used in conjunction with other coupons.

Key products featured in the exhibition include ▲Maniker Buffalo Chicken Wing Bong ▲Hojungga Glutinous Rice Yakgwa Set ▲Withsleep Sleep Aid Band ▲Kiren Natural Shampoo & Body Wash ▲Dioplus Magic Collagen BB Cream ▲Daewon Table Electric Grill, among others. Additionally, more than 1,400 excellent products can be found.

The 'Small Business Win-Win Market' to help recover online sales of about 560 small business owners affected by settlement delays will also continue until the budget is exhausted. This event was prepared to support the stable sales channel establishment and market competitiveness enhancement of small business owners affected by settlement delays, introducing a total of about 2,400 products. Every day, the first 5,000 purchasing customers will receive a 15% overlapping coupon, usable once per ID per day, providing up to 30,000 KRW discount on purchases over 10,000 KRW.

Special deal products include ▲Wando Live Abalone ▲Yeonpyeongdo Flower Crab Soy Sauce & Seasoned Crab ▲Hanyeji Toilet Paper ▲Secret Multi Balm Wrinkle Care ▲Power Windowbot Glass Robot Cleaner, featuring local specialties, daily necessities, beauty, and home appliances.

Lee Ki-jung, Head of Sales Planning at Gmarket, said, "We are launching a focused support project together with government agencies so that domestic small sellers who suffered unfair damage due to large-scale settlement delays on some platforms can stand up again," adding, "This exhibition is not only an opportunity to purchase excellent quality products at good prices but also a chance to participate in value consumption, so we hope for much interest."