TrendHunter, an internet lecture platform company, was reported on the 29th to have recently been declared bankrupt by the court. This company generated an annual revenue of 18.5 billion won by selling courses on starting online shopping malls.
The 18th Division of the Seoul Bankruptcy Court (presiding Judge Yang Min-ho) declared TrendHunter bankrupt on the 23rd. The company was established in 2016, and since then, the number of subscribers on the YouTube channel owned by its representative, Jung Young-min, has exceeded 300,000. In 2022, its revenues were reported at 18.5 billion won, and its operating profit was 5.1 billion won.
However, after the death of CEO Jung last October, the financial situation began to worsen. People who had pre-paid lecture fees, sometimes in the hundreds of thousands of won, on the internet lecture site were unable to receive refunds. Sellers on the online transaction site operated by TrendHunter did not receive their sale proceeds, and buyers could not retrieve their deposits. The Korea Consumer Agency issued a consumer damage warning against TrendHunter and received reports of damage.
Ultimately, TrendHunter filed for bankruptcy in court and was declared bankrupt this time. Creditors can report their claims at the Seoul Bankruptcy Court's Comprehensive Civil Affairs Office by June 16.