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 (firstname.lastname@example.org)