Homeplus to Advance Payment of 93 Billion KRW to Partners Ahead of Lunar New Year

[Asia Economy Reporter Minyoung Cha] Homeplus announced on the 12th that it will make early payments to support smooth cash flow for small and medium-sized partner companies ahead of the Lunar New Year holiday.

The early payment targets approximately 2,900 small and medium-sized partner companies, excluding large corporations, with about 93 billion KRW in payments to be made early.

Homeplus will advance the payment date for these small and medium-sized partner companies by an average of 8 days from the normal payment date, making a lump-sum payment on the 22nd, before the Lunar New Year holiday.

Im Ilsun, CEO of Homeplus, said, “Although the situation is difficult both domestically and internationally, we have decided to invest in financial costs ourselves to pay for products in advance before the holiday as part of co-growth with our partner companies. We hope this will help reduce the financial burden on small and medium-sized partner companies and assist them in preparing for Lunar New Year operations.”

This content was produced with the assistance of AI translation services.