Booyoung Group Advances 10 Billion KRW Payment to Partners Ahead of Chuseok
[Asia Economy Reporter Noh Kyung-jo] Booyoung Group announced on the 8th that it has made early payments of approximately 10 billion KRW to alleviate the financial difficulties of its partner companies ahead of the Chuseok holiday.
Booyoung Group paid about 10 billion KRW in construction fees for 17 sites, including Block 7 of Busan New Port, to the partner companies of Booyoung Housing and Donggwang Housing the day before. The target partner companies include a total of 88 firms, such as construction companies and material suppliers.
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A Booyoung Group official stated, "Considering the financial difficulties of our partners due to recent domestic and international economic issues such as rising raw material prices, we decided to make early payments," adding, "We will continue our efforts for mutual growth."
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