Including an Additional 50 Billion KRW Paid-in Capital Increase
A Total Investment of 61.6 Billion KRW to Date
Oasis Market, a dawn delivery company, announced on July 8 that it has decided to make an additional investment of 50 billion KRW to support the rapid normalization of TMON.
Oasis Market has already paid the full acquisition amount for TMON in advance and will now invest an additional 50 billion KRW in new shares through a paid-in capital increase to improve TMON's financial structure. The investment will be used for purposes such as securing a new logistics center for TMON, overhauling outdated systems, and securing liquidity for next-day settlements for sellers.
Previously, TMON had announced on its website the upcoming launch of its dawn delivery service. As support measures for affected sellers, TMON promised to apply the industry's lowest commission fees and to immediately implement a next-day settlement system after purchase confirmation.
Oasis Market has been making various investments, including human and material resources, even before the rehabilitation approval. Including this additional investment, the total amount Oasis Market has invested in TMON now amounts to 61.6 billion KRW.
Oasis Market is rapidly applying its operational know-how and business processes to TMON. The company is restructuring the previously bloated organizational culture, streamlining business processes, and maximizing organizational efficiency. Recruitment of new sellers is also progressing smoothly, and Oasis Market plans to accelerate the resumption of operations based on the newly invested funds.
An Oasis Market representative stated, "Through comprehensive structural improvements and process innovation, we will present a newly transformed TMON to consumers in the near future."
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