Company
Musinsa is a South Korean online fashion and lifestyle marketplace, one of the country's largest e-commerce platforms for apparel.
Musinsa's August transaction value for lightweight puffers rose more than eightfold after it began selling them about three weeks earlier than last year. Brands are stocking deeper to match, so cash goes into inventory before winter shows whether the demand is new.
Reality
Wage-arrear complaints in Seongdong District rose 136.3% in three years to 3,551, according to Labor Ministry data. The data are not broken down by employer, and Musinsa appears in the record only as a new arrival.
Reality
Korea's Labor Ministry found 71.8% of discretionary-hours staff at Gentle Monster's parent IICOMBINED worked over 52 hours a week in peak periods. The back pay it found is small next to what IICOMBINED would spend paying for those hours, or hiring to cut them, from now on.
Reality
Musinsa's preferred investors gave up the right to demand their money back and took common stock instead. The swap lifts 849.9 billion won of liabilities off a balance sheet heading into next year's IPO review.
Reality
Celltrion Healthcare's 1.0088 trillion won in 2017 still stands alone, and Yanolja, Viva Republica and Galaxy Corporation are all pursuing US listings while KOSDAQ turnover runs at less than half January's.
Reality
A Korea Federation of SMEs survey of 1,250 sellers puts platform costs at 21.7% of monthly sales. Delivery apps take 26.2%, up 5.2 points in a year on a measure that counts advertising alongside commission.
Reality
Seven more companies, among them major domestic financial groups, have asked to join a consortium of 16. The paid tiers KT sketches for business users and premium public services are still conditional.
Reality
Eight second-quarter listings averaged a 132.4% first-day gain. The ten that followed averaged a loss, and one book has already priced below its range.
Reality
Seven of eight new Seoul listings sit below their offer prices. The books cleared on day one; the damage arrived in the weeks after, which is a pricing-power problem rather than a valuation one.
Reality