OASIS Market announced on the 8th that it is proceeding with a 50 billion won capital increase to invest in new shares to improve TMON's stable financial structure, following its advance payment of the entire acquisition amount for TMON.
The investment amount is expected to be used for securing a new logistics center for TMON, overhauling outdated systems, and ensuring liquidity for sellers' next-day settlements.
Previously, TMON announced the launch of its early morning delivery service on its website, and it promised industry-low commissions and the immediate implementation of a next-day settlement system as support measures for affected sellers.
OASIS Market has stated that it has been making various investments, including human and material resources, in TMON even before the approval of its rehabilitation. Including this additional investment cost, the total amount invested by OASIS Market in TMON to date is 61.6 billion won.
Additionally, OASIS Market is applying its operational know-how and work processes to TMON and is accelerating the opening of the new TMON. It has restructured its previously large organizational culture and simplified work processes to enhance efficiency.
OASIS Market has also stated that the recruitment of sellers is proceeding smoothly and plans to expedite the resumption of operations based on the newly invested funds.
An OASIS representative said, 'Through comprehensive restructuring and process innovation, we will present a transformed TMON to consumers in the near future.'