Lotte Hi-Mart to Advance Payment for Products to Small and Medium Partners Ahead of Chuseok
Total Product Payments of 25.1 Billion Won to Over 260 Partner Companies
[Asia Economy Reporter Lim Chunhan] Lotte Hi-Mart announced on the 7th that it will make early payments totaling 25.1 billion KRW to more than 260 small and medium-sized partner companies ahead of the Chuseok holiday on the 8th.
Since August 2015, Lotte Hi-Mart has been making early payments for goods every year before holidays. Through this, it helps partner companies secure smooth funding ahead of holidays, which require significant cash outlays such as bonuses.
Lotte Hi-Mart continuously strives for mutual growth with its partners. Last August, it signed an agreement with the Win-Win Growth Committee for the ‘2022 Partner ESG (Environment, Social, Governance) Support Project’ and is providing consulting support to outstanding small and medium partner companies.
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A Lotte Hi-Mart official said, “We hope this early payment will be of some help to partner companies facing financial burdens ahead of the holiday,” adding, “We will continue to plan various win-win programs to grow together with our partners and work to maintain good relationships.”
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