![[Exclusive] Musinsa Used grows in scale, but cuts user discounts](https://www.chosun.com/resizer/v2/GQYTEY3GMM2GEOLGHE3WEOBRHE.jpg?auth=666d6f8c3f6de98d0ee1a100cf095336defa73f89fec7723c0966985aaa8e4fd&height=720&smart=true&width=1056)
[Exclusive] Musinsa Used grows in scale, but cuts user discounts
Translated from Korean and summarized by DistantNews. Read the original for the full story.
At a glance
News
Unnamed sources
New plan
- Musinsa will reduce discounts for users of its secondhand fashion service, Musinsa Used, from the 28th of this month.
- The company continues to grow in scale, recording its highest-ever first-half revenue as Musinsa Used transactions increase rapidly.
- Musinsa will settle seller payments through Musinsa Money, according to industry sources.
Musinsa is cutting user discounts on Musinsa Used as its secondhand fashion marketplace expands and the company places greater emphasis on profitability.
Starting on the 28th of this month, Musinsa will use Musinsa Money as the settlement method for payments to sellers on the service, according to industry sources cited on the 1st.
The move follows Musinsa’s record-high first-half revenue and the rapid growth of trading on Musinsa Used. The company continues to expand its scale while tightening management of profitability.
About this summary
Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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