SK stoa shortens payment period to support Qoo10 vendors

SK stoa Co. CI

Seoul-based home shopping network SK stoa Co. announced a shorter payment period for vendors in a policy change as concerns grow over payment delays on Qoo10 e-commerce platforms, including TMON.

In the policy change, SK stoa will use its funds to shorten its payment period from 10 to three days. The company also plans to boost sales by arranging additional broadcasts during time slots that best suit each product. “With many of our vendors hit by the e-commerce crisis, we have announced the measures to support them,” the company said.