AmorePacific to Advance Payment of 76.8 Billion KRW to Partners Ahead of Lunar New Year
Advancing Payment for Transactions with Over 900 Partner Companies
[Asia Economy Reporter Lim Hye-seon] Amorepacific Group announced on the 20th that it will make early payments of 76.8 billion KRW in transaction funds to its partner companies ahead of the Lunar New Year holiday.
The payment targets are about 900 partner companies supplying raw materials, containers, and products to eight affiliates of Amorepacific Group. The 76.8 billion KRW in transaction funds, originally scheduled to be paid by February 2, will be paid sequentially starting today.
Kim Seung-hwan, CEO of Amorepacific Group, said, "Ahead of the Lunar New Year holiday, we are making payments up to 13 days earlier than the scheduled payment date to help alleviate the financial difficulties of our partner companies who are experiencing many hardships due to COVID-19," adding, "We will continue to pursue mutual growth with our partners through various measures."
Hot Picks Today
Even with High Oil Price Relief Payment, Additional 300,000 Won Per Person to Be Provided... Applications Open from the 18th in This Region
- "Invested 95% in Hynix and Reached 10 Billion Won"... Japanese Investor's Proof Post Goes Viral
- "Why Is the Korean Stock Market Surging?"... Even Italy Is Astonished by the KOSPI Rally
- "You Don't Need to Go to the Gym": The Best Exercises for Lowering Hypertension
- "That Thing Wakes Up Every Night" ... Suspicious Object Covers Rural Village
Since the mid-2000s, Amorepacific Group has been making early payments of transaction funds before the start of holiday breaks to help partner companies manage their cash flow smoothly.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
