Aekyung Industrial Advances Payment of 11.9 Billion KRW to Partners Ahead of Chuseok
Support Aimed at Resolving Financial Difficulties for 85 Trading Companies
Aekyung Industrial announced on the 8th that it will advance the payment of 11.9 billion KRW to 85 partner companies it does business with ahead of the Chuseok holiday.
Aekyung Industrial explained that it decided to advance the payment to support partner companies struggling with liquidity and other difficulties due to the recent economic downturn.
Previously, Aekyung Industrial has continuously made efforts for mutual growth with its partners by advancing a total of 33.9 billion KRW in payments from last year's Lunar New Year to this Chuseok holiday.
Hot Picks Today
There Is a Distinct Age When Physical Abilities Decline Rapidly... From What Age Do Strength and Endurance Drop?
- Will the National Pension Service Increase Its Domestic Stock Proportion? Five-Year Asset Allocation Plan to Be Finalized on May 28
- Cerebras Soars 70% on IPO Debut: Is Nvidia's Reign Ending as a New AI Semiconductor Power Emerges?
- "After Vowing to Become No. 1 Globally, Sudden Policy Brake Puts Companies’ Massive Investments at Risk"
- Japanese Teacher Dismissed for Obscene Acts Involving Third-Grade Girl's Water Bottle
An Aekyung Industrial official said, "We hope that this early payment will help alleviate the financial burden of our partners during the holiday season when demand for funds increases," adding, "We will continue to take the lead in building a culture of mutual growth with our partners."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.