KCC Glass to Advance Payment to Small and Medium Partners Before Chuseok

Including 246 Small and Medium Partner Companies, Including HomeCC Interior Product Suppliers

Exterior view of HomeCC Incheon branch.
[Photo by KCC]

[Asia Economy Reporter Kim Jong-hwa] KCC Glass, a leading comprehensive glass company in Korea and operator of the interior specialty brand HomeCC, will make early payments of settlement funds to small and medium-sized partner companies ahead of the Chuseok holiday.

Based on the largest glass production capacity in Korea, KCC Glass has maintained the number one market share in the domestic glass market and provides a variety of interior products such as flooring materials, films, and interior stones, as well as customized total interior services through HomeCC.

The early payment target of KCC Glass this time includes a total of 246 small and medium-sized partner companies supplying HomeCC interior products and raw materials. To support smooth fund management during the holiday season for these partners, KCC Glass plans to pay a total of 9 billion KRW in settlement funds in full cash ahead of Chuseok.

As part of its win-win growth and shared management efforts, KCC Glass has been making early payments of settlement funds to small and medium-sized partner companies before holidays every year.

A KCC Glass official stated, "Amid the prolonged COVID-19 pandemic causing difficulties for the entire nation, we have taken the step of early payment of settlement funds to share the pain of small and medium-sized partners and support stable management during the Chuseok holiday," adding, "KCC Glass will continue to make various efforts for mutual growth with our partners."

Meanwhile, KCC Glass has established an ESG Management Team and is striving to establish ESG management throughout the company by operating power generation facilities using renewable energy such as waste heat from factories and solar power, as well as engaging in social contribution activities. In July, it joined the UN Global Compact (UNGC) and is actively working to practice the values of the UNGC through sustainable management.

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