Namyang Dairy Products to Advance Payment of 7.4 Billion KRW to Partners Ahead of Lunar New Year

[Asia Economy Reporter Eunmo Koo] Namyang Dairy Products announced on the 28th that it will make early payments of transaction funds to its partner companies in celebration of the Lunar New Year holiday.

This is to promote mutual growth and win-win management with partner companies and to ensure stable fund management for partners struggling due to the prolonged COVID-19 pandemic. The early payment amount is 7.4 billion KRW, and payments will be made in a lump sum up to 36 days earlier than the original payment date, before the Lunar New Year holiday.

Along with this, Namyang Dairy Products is conducting a "Clean Holiday Campaign," which includes prohibitions on money and gift exchanges during the holiday period, to foster mutual growth with partners and create a healthy and warm holiday culture.

A Namyang Dairy Products official said, "We are always grateful to the many partner companies and agency owners who have trusted and worked with us despite difficult times," adding, "We will continue to carry out various win-win management initiatives to repay that trust."

Meanwhile, to lead a culture of win-win management, Namyang Dairy Products has, since 2013, been the first in the industry to completely improve the ordering and return system to make push sales fundamentally impossible. It also regularly holds win-win meetings for mutual growth with agency owners. Furthermore, it leads win-win management activities such as strengthening the bargaining rights of agency groups and implementing the industry's first "Profit Sharing System with Partners."

In addition, Namyang Dairy Products operates various welfare programs for agency owners, including ▲providing scholarships worth a total of 1 billion KRW to 817 agency owners' children over the past 10 years, ▲offering an interest-free "Emergency Living Fund" loan system to help agencies facing sudden crises due to illness or injury. It also supports ▲infant formula and childcare products upon the birth of agency owners' children or grandchildren, and ▲long-term operation agency awards, continuously practicing efforts for win-win management.

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