Toray Advanced Materials, Early Payment of 15 Billion KRW in Transaction Amount Before Lunar New Year Holiday
[Asia Economy Reporter Hwang Yoon-joo] Toray Advanced Materials announced on the 9th that it will make an early payment of 15 billion KRW in transaction funds ahead of the Lunar New Year holiday.
This early execution is intended to help smooth cash flow for about 600 business partners and will be paid entirely in cash.
A representative from Toray Advanced Materials stated, "We hope this helps our partners who are struggling due to COVID-19 to relieve their financial burden during the Lunar New Year holiday. We decided on early payment to practice mutual growth," adding, "We also expect that securing liquidity through early payment will contribute to stabilizing the management of our partners."
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Toray Advanced Materials has previously made early payments ahead of holidays to ease the financial burden on its business partners.
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