KCC Glass-KAC, Early Payment to Partners Before Chuseok

Helping Small and Medium Partner Companies Manage Funds Amid COVID-19 Spread and Business Difficulties

[Asia Economy Reporter Kim Jong-hwa] KCC Glass, a leading domestic glass and comprehensive interior company, will make early payments of settlement funds ahead of Chuseok, faster than usual, to support small and medium-sized partner companies struggling due to the novel coronavirus infection (COVID-19).

KCC Glass has decided to pay the full settlement amounts in cash early to 138 partner companies ahead of the Chuseok holiday. This measure aims to help small and medium-sized partners manage their funds smoothly before the holiday break begins.

In particular, this year, due to the expected management difficulties faced by many small and medium-sized partners caused by the spread of COVID-19, the payments will be made earlier than usual as part of mutual growth and win-win cooperation.

Korea Auto Glass (KAC) has also decided to make early payments to its partner companies. KAC plans to pay the full amounts in cash early to 298 partner companies.

KCC Glass expects that this early payment will help partner companies manage their funds during the holiday period, when demand for funds temporarily concentrates on raw material payments and bonus payments.

A KCC Glass official stated, "Although the situation is more difficult than ever due to COVID-19, we decided to pay the settlement amounts earlier than usual before the holiday as part of mutual growth with our partners," adding, "KCC Glass will continue to make multifaceted efforts for mutual growth and coexistence with our partners."

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