Amorepacific Group, Early Payment to Partners for Lunar New Year
Over 810 Partner Companies Totaling 56 Billion KRW
Amorepacific Group announced on the 13th that it will make early payments of 56 billion KRW in transaction funds to its partners ahead of the Lunar New Year holiday.
The payment targets are approximately 810 partner companies supplying raw materials, containers, products, and more to 10 affiliates of Amorepacific Group. The 56 billion KRW in transaction funds originally scheduled for payment by the 27th will be advanced and paid sequentially on the 16th.
Lee Sang-mok, President of Amorepacific Group, stated, “To support partner companies experiencing financial difficulties due to funding demands ahead of the Lunar New Year holiday, we will pay delivery funds up to 11 days earlier than the scheduled payment date,” adding, “We will continue to pursue mutual growth with our partners through various measures.”
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Since the mid-2000s, Amorepacific Group has been making early payments of transaction funds before the start of holiday breaks to help its partners manage their cash flow smoothly.
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