POSCO Flow, Early Payment of Partner Company Transactions for Chuseok

Payment of 50 Billion Won Transaction Amount Advanced by 14 Days

Contributing to Alleviating Financial Difficulties of Small and Medium Partner Companies

POSCO Flow (President Kim Kwang-soo) announced on the 21st that it will advance the payment of transaction funds to small and medium-sized partner companies in celebration of the Chuseok holiday.

For partner companies experiencing difficulties in fund management, payments will be made up to 14 days earlier than usual from September 21 to 27.

The early payment amount reaches 50 billion KRW and will be paid entirely in cash.

It is expected to help partner companies secure cash liquidity amid challenges such as rising financial costs due to high interest rates and increasing domestic and international economic uncertainties.

Since its establishment, POSCO Flow has paid the full transaction amount to small and medium-sized enterprises in cash, and every year before holidays, it has advanced payments to alleviate the financial difficulties of its small and medium-sized partners.

Going forward, POSCO Flow plans to do its best to realize a sustainable future by practicing the value of corporate citizenship to grow together with its partners.

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