[Special Stock] KCTC, Tmon and Wemakeprice Virtually Shut Down... Rising Possibility of Coupang Monopoly Increased
KCTC is showing strength. This is interpreted as a result of concerns that sellers may leave due to the settlement delays at Wemakeprice and TMON, potentially allowing Coupang and others to monopolize the market.
As of 10:28 AM on the 26th, KCTC is trading at 4,280 KRW, up 4.39% compared to the previous day.
According to the distribution industry, among the 60,000 stores operating on e-commerce platforms affiliated with the Qoo10 Group, such as TMON and Wemakeprice, a significant number are small and medium-sized sellers who rely on timely payment settlements to continue their businesses due to poor financial conditions.
In particular, not only TMON and Wemakeprice but also domestic mid-to-lower tier e-commerce platforms like Shinsegae Group, 11st, and Lotte ON continue to operate at a loss, increasing concerns. Accordingly, the industry analyzes that major channels like Coupang will solidify their dominance.
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Meanwhile, KCTC is known as a comprehensive logistics company and has a logistics and warehouse partnership with Coupang, which has led to its classification as a Coupang-related stock.
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