Lotte Hi-Mart to Provide Early Payment for Products to Small and Medium Partners
Payment of 25.1 Billion Won to Over 210 Locations
Lotte Hi-Mart announced on the 10th that it will make early payments of 25.1 billion KRW in product fees to about 210 small and medium-sized partner companies.
This early payment was decided to help partners secure smooth funding ahead of the holiday season, which requires significant funds such as bonuses. Lotte Hi-Mart has been making early payments of product fees ahead of holidays every year since August 2015.
Lotte Hi-Mart also operates various win-win growth programs to promote mutual growth with its partners. In December last year, it signed a voluntary agreement to resolve polarization with the Win-Win Growth Committee. Over the next three years, it plans to carry out partner support activities worth 67 billion KRW, including the establishment of a cooperative loan fund and support for sustainable management.
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A Lotte Hi-Mart official said, “We will actively implement various win-win programs this year as well to grow together with our partners.”
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