‘Massive refund’ Merge Plus CEO arrested… “Fear of Escape”

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Nam-hee Kwon, CEO of Merge Plus, the operator of Merge Point, which caused a large-scale refund, was arrested. On the 9th, Chief Judge Lee Young-kwang of the Seoul Southern District Court issued an arrest warrant for Kwon and his brother Kwon Bo-gun, chief operating officer (CSO), saying, “There is a risk of escape.” CEO Kwon and Chief Operating Officer Kwon were charged with operating Merge Plus without registering as an electronic financial business (violation of the Electronic Financial Transactions Act). Incident

Reference-www.hani.co.kr

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