Lotte Shopping to Advance 350 Billion KRW Payment for Partners Ahead of Chuseok

Strengthening Win-Win Cooperation through Liquidity Support for Partner Companies
Targeting Over 4,600 Lotte Shopping Affiliates Including Department Stores, Marts, and Supermarkets

[Asia Economy Reporter Kim Yuri] Lotte Shopping is launching win-win activities ahead of Chuseok.

On the 7th, Lotte Shopping announced that it will make an early payment of 350 billion KRW in delivery payments to strengthen win-win cooperation by supporting the liquidity of small and medium-sized partner companies. This takes into account that small and medium-sized partners temporarily need a large amount of funds during the holiday season.

The delivery payments will all be made by September 15. The target includes over 4,600 small and medium-sized partner companies affiliated with Lotte Shopping, such as Lotte Department Store, Lotte Mart, Lotte Super, and Lotte e-Commerce.

Meanwhile, Lotte Shopping operates various programs to promote mutual growth with its partners. Representative programs include the 'Partner Big Data Consulting Support Project,' which supports partners' online and offline marketing activities based on Lotte Shopping's purchasing data, and the 'SME Offline Promotion Support Project,' which provides marketing funds such as fixture production, purchase of promotional gifts, and labor costs for promotional staff targeting small and medium-sized enterprises located in Gyeonggi-do.

Choi Young-jun, Chief Financial Officer of Lotte Shopping, said, "We have made early payments to small and medium-sized partners in celebration of Chuseok," adding, "In addition to early payments, we plan to continuously operate various programs that enable mutual growth with our partners."

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