KCC Glass to Advance Payment to Small and Medium Partners Ahead of Seollal Holiday

263 Partner Companies Including HomeCC Interior Product Suppliers

[Asia Economy Reporter Kim Jong-hwa] KCC Glass (CEO Kim Nae-hwan), a leading comprehensive glass company in Korea and operator of the interior specialty brand HomeCC, will make early payments of settlement funds to help small and medium-sized partner companies smoothly manage their funds during the Lunar New Year holiday.

KCC Glass plans to pay a total of approximately 11 billion KRW in cash on February 10 to 263 small and medium-sized partner companies supplying raw materials and HomeCC interior products. KCC Glass expects this early payment to be a great help to small and medium-sized partners struggling due to the prolonged COVID-19 pandemic.

As part of its win-win growth and mutual cooperation management, KCC Glass also made early payments to small and medium-sized partners during last year's Chuseok holiday.

A KCC Glass official stated, "We hope this early payment ahead of the holiday, when demand for funds is concentrated, will help reduce the financial burden on small and medium-sized partners," adding, "Although the situation is more difficult than ever due to COVID-19, we will continue various efforts for mutual growth with our partners."

Meanwhile, KCC Glass was established last year through a spin-off of the glass, interior, and flooring business divisions from KCC. It has maintained the number one market share in the domestic glass market and provides customized total interior services to customers through its interior specialty brand HomeCC.

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