CoinVoice has learned that on the afternoon of the 7th, the 42nd Civil Division of the Seoul Central District Court held the first debate preparation for the damage compensation request lawsuit of approximately 16.2 billion Korean won filed by 27 former and current senior employees against WeMade.
Among these employees, some are still working at WeMade, consisting of members from the subsidiary Wemade Tree (the former blockchain department of WeMade). The company developed WEMIX, which was first listed on cryptocurrency exchanges in 2020. WeMade subsequently merged with Wemade Tree in February 2022.
During the preparation for the debate that day, the representative of the plaintiffs argued: "The plaintiff is an employee who developed WEMIX and signed a compensation agreement for WEMIX development with the investors. The condition is that the working time is over 3 years." They further added: "The company has emails stating that it would clearly promise the plaintiff token compensation."
The adjudication panel commented: "The plaintiff's weakness is the absence of a contract," and "(even so) it is strange for the defendant to claim that they cannot give the employees a penny just because there is no contract."
It has been recently reported that former and current employees of Wemade Tree (now merged into WeMade), the development company of the WEMIX project, have filed a damage compensation lawsuit against WeMade amounting to 16.2 billion Korean won (approximately 11.85 million USD). [Original link]
