SK Stoa to Advance Payment of 25 Billion KRW to Partners for Lunar New Year Deliveries

SK Stoa Advances Payment of 25 Billion KRW to 930 Partner SMEs for Lunar New Year
"Actively Supporting Stable Operating Environment for Partners"

[Asia Economy Reporter Kim Yuri] SK Stoa announced on the 29th that it will advance the payment of 25 billion KRW to its partner companies ahead of the Lunar New Year holiday.

SK Stoa explained that this measure aims to revitalize the domestic economy, which has been struggling due to COVID-19, and to help small and medium-sized partner companies operate their businesses stably without concerns about cash flow.

SK Stoa expects that approximately 930 small and medium-sized partner companies will benefit from this decision. The payment will be made in a lump sum on the 5th of next month, which is about ten days earlier than the originally scheduled payment date.

Yoon Seok-am, CEO of SK Stoa, said, "Following last year, as COVID-19 continues this year, we hope this will provide some support to the small and medium-sized partner companies facing difficulties. Going forward, SK Stoa will continue to strive to ensure that small business owners and social enterprises can operate stably through customized support programs, including early payment of delivery fees."

SK Stoa also made early payments for delivery fees during last year's Chuseok holiday. SK Stoa stated, "We plan to continue implementing ESG management and will not hesitate to provide various institutional support and investments to grow together with our partner companies."

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