Amidst the delay in refunding test-taker deposits due to the bankruptcy of Part-Time Study, YouTuber Mimi Minu, who ran the ad, has personally posted an apology. We'll cover the reasons for the bankruptcy, the deposit refund process, the extent of the damage, and Mimi Minu's response.

1. What kind of app was Part-Time Study?

Part-time study, to put it simply, Study App Tech app are you.
The structure was such that test takers would put down a certain amount of money as a deposit, and if they achieved their study goal, they would receive the deposit + additional compensation back.

 

on the other way It was quite popular as a good way to create a study routine because the deposit was deducted if the goal was not met.

 

But… that app Sudden bankruptcy on November 24th A declaration was made. There was absolutely no prior notice to users, and it was just a sudden announcement.

2. Suddenly bankrupt? How much damage will there be?

Withdrawals are currently completely suspended, leaving many users I am unable to get my deposit back from 0 to 900 thousand won.

 

 

Some people “I applied for a refund just three days ago, but now it says I’m bankrupt.” He also expressed his bewilderment.

 

In particular, since most of the users are high school students, repeat test takers, and job seekers, the damage is felt more severely.
In an instant, the situation became one where “the user became the creditor.”

3. Why did Mimi Minu apologize?

Mimi Minu (1.89 million subscribers), a YouTuber who has collaborated with Part-time Study and Advertising,
After hearing the news of bankruptcy on the 24th, he immediately uploaded a 1 minute and 45 second apology video.

He said this:

 

“The service that was running the advertisement suddenly went bankrupt.”

“I tried to contact the CEO and staff, but I couldn’t reach them.”

“I apologize to those who trusted and used me.”

“I will transfer the full amount of advertising fees I received, plus any additional amount, to the victims.”

 

in other words, My position is that if you trusted and used the service I promoted and suffered damages, the country should at least take responsibility.

 

Currently, Mimi Minu has deleted all of the collaboration videos and has posted an additional notice on the YouTube community.

4. How is the deposit refunded?

The company is currently in bankruptcy proceedings, and the refund has been transferred to the creditor's registry.

In other words, it is not the typical “withdrawal request → deposit completion” method, but a structure where you are recognized as a creditor in bankruptcy proceedings and must wait for distribution.

 

 

Mimi Minu also guides you through this part,
“We will continue to notify you as soon as we receive a definitive answer.” I did it.

5. What happens in the future?

The company is now completely out of contact.

 

Bankruptcy proceedings are in progress → It is likely to take a long time to get a refund.

In the user community, there are also comments such as "class action" and "preparing for a lawsuit."

 

It remains to be seen how effective Mimi Minu's additional support will be.

The bankruptcy announcement itself was too sudden.

Since most of the users are students, this incident was a huge shock, so it is likely that related issues will continue for some time.

 

Q&A

Q1. Can I get a refund of my deposit now?

Currently, this is not possible. Since bankruptcy proceedings are ongoing, we must register as creditors and wait for distribution.

 

Q2. Is Mimi Minu returning the deposit instead?

We do not offer full refunds.
However, he stated that he would donate the advertising fees he received + additional amount to the victims' support fund.

 

Q3. Are collaborating YouTubers also responsible?

Although it is not yet clear whether there is legal responsibility,
This is a situation where Mimi Minu feels morally responsible and takes the lead in apologizing and responding.

 

Q4. Can we trust this kind of app tech in the future?

Due to the structure of app tech, services based on deposits and withdrawals also have risks.
This is especially true for new startups that are at risk of bankruptcy.

 

 

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