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August 23, 2019

TMON promotes COO as new CEO in reshuffle

PUBLISHED : June 12, 2019 - 17:01

UPDATED : June 12, 2019 - 17:01

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South Korea’s e-commerce marketplace startup Ticket Monster (TMON) has named its incumbent Chief Operating Officer Lee Jin-won as its new chief executive in yet another leadership reshuffle in eight months.

TMON cited Lee’s performance in sales and marketing for the promotion.

TMON CEO nominee Lee Jin-won

Lee joined TMON in October last year as COO and executive vice president. Formerly he worked at local e-commerce rivals WeMakePrice, Coupang and eBay Korea.

The incumbent CEO Lee Jae-hoo’s future has yet to be determined, as the company has not decided whether it would adopt a co-CEO leadership structure. He became head of TMON in October 2018.

TMON has secured $525.9 million in funding over five rounds in total, including the latest $115 million funding led by Simone Investment Managers in April 2017.

By Son Ji-hyoung (consnow@heraldcorp.com)

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