Hanwha Systems to Advance Payment of 40.8 Billion KRW to Subcontractors Ahead of Lunar New Year
[Asia Economy Reporter Ki-min Lee] Hanwha Systems will make early payments totaling 40.8 billion KRW to subcontractors ahead of the Lunar New Year holiday.
Hanwha Systems announced on the 22nd that it will make early payments totaling 40.8 billion KRW to 109 subcontracting companies ahead of the Lunar New Year holiday. These early payments are scheduled to be made sequentially from the 22nd to the 23rd of this month.
Hanwha Systems explained that this decision was made to help alleviate the financial burden on subcontractors ahead of the holiday.
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Kim Yeon-cheol, CEO of Hanwha Systems, stated, “Based on Hanwha’s philosophy of mutual growth, ‘Together Far,’ we are paying close attention to shared management with our partners. We will continue to fulfill our social responsibilities as a publicly listed company through various activities that promote mutual growth with our partners.”
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