Hyundai Department Store Group to Advance Payment of 350 Billion KRW to Small and Medium Partner Companies

Payment to Over 14,000 Locations Before Seollal Holiday

Hyundai Department Store Group CI. (Photo by Hyundai Department Store Group)

[Asia Economy Reporter Lim Chun-han] Hyundai Department Store Group announced on the 3rd that it will pay 350 billion KRW in payment to small and medium-sized partner companies up to 13 days earlier than the original payment date, before the Lunar New Year holiday.

The small and medium-sized partner companies receiving early payment this time include about 5,000 companies trading with Hyundai Department Store, as well as about 9,000 companies trading with 12 affiliates such as Hyundai Home Shopping, Hyundai Green Food, Handsome, Hyundai Livart, Hyundai Department Store Duty Free, Hyundai L&C, and Hyundai Easywell.

A Hyundai Department Store Group official said, "We hope that this early payment before the holiday, when funding demand is concentrated, can help reduce the financial burden of small and medium-sized partner companies even a little," and added, "We plan to continue promoting various support programs for mutual growth with small and medium-sized partner companies."

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