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Court Again Rejects Arrest Warrant for Qoo10 CEO Over Massive Payment Delays.

Seoul: A Seoul court again rejected an arrest warrant for Qoo10 CEO Ku Young-bae on Tuesday on fraud and embezzlement charges related to his e-commerce group's large-scale payment delays to vendors. The Seoul Central District Court made the decision following a hearing Monday, saying there was "room for dispute" over whether the allegations constitute a crime and no evidence suggesting Ku attempted to flee or destroy evidence since a previous request for an arrest warrant was rejected last month. According to Yonhap News Agency, the court also denied arrest warrants for Ryu Kwang-jin and Ryu Hwa-hyun, the CEOs of Qoo10's e-commerce subsidiaries TMON and WeMakePrice, respectively, on similar grounds. Both are accused of involvement in the massive insolvency incident. "Considering all the evidence collected until now, the defendant's claims, the progress of the investigation, and the defendant's career and social network, there does not appear to be a risk of destroying evidence or fleeing that differs from (the reason for) the previous warrant's rejection," the court said of Ku.

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