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Luxury Online Platform Balaan's Settlement Crisis Sparks Fear of Corporate Rehabilitation

Summary by businesskorea.co.kr
The luxury online platform Balaan has failed to timely settle sales proceeds with some partner companies, fueling concerns that a situation similar to the unpaid settlement crisis of Timon and WeMakePrice might be unfolding again. According to industry sources on March 28, Balaan was unable to deposit sales proceeds to some partner companies on March 24. Balaan typically settles sales proceeds on a weekly, bi-weekly, or monthly basis depending o…
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businesskorea.co.krbusinesskorea.co.kr

Luxury Online Platform Balaan's Settlement Crisis Sparks Fear of Corporate Rehabilitation

The luxury online platform Balaan has failed to timely settle sales proceeds with some partner companies, fueling concerns that a situation similar to the unpaid settlement crisis of Timon and WeMakePrice might be unfolding again. According to industry sources on March 28, Balaan was unable to deposit sales proceeds to some partner companies on March 24. Balaan typically settles sales proceeds on a weekly, bi-weekly, or monthly basis depending o…

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businesskorea.co.kr broke the news in on Friday, March 28, 2025.
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