Home&Shopping Implements Interest-Free Loan Program for Small and Medium Partner Companies
[Asia Economy Reporter Kim Cheol-hyun] Home&Shopping announced on the 19th that it will implement a win-win cooperation fund support (interest-free loan) system to promote mutual growth with small and medium-sized partner companies.
Home&Shopping planned the interest-free loan system considering the situation of small and medium-sized partners who have become increasingly concerned about funding due to the recent sharp rise in interest rates, and expects this to support the operating funds of its partners.
Small and medium-sized enterprises involved in broadcast transactions are eligible to participate, and the total scale of interest-free loan support will start at 3 billion KRW initially, aiming to reach 10 billion KRW by the first half of next year. The loan period is 12 months, and repayment will be made by offsetting against product settlement payments.
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A Home&Shopping official said, "It is true that many partners are facing difficulties due to the rapid and significant increase in interest rates," adding, "We hope that Home&Shopping's win-win cooperation fund support will provide practical help to small and medium-sized partners."
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