Lotte Mart to Advance Payment of Over 20 Billion KRW to Partners
For Over 1,500 Small and Medium Partner Companies
Lotte Mart announced on the 22nd that it will advance the payment of approximately 20 billion KRW in delivery fees to over 1,500 small and medium-sized partner companies ahead of the Chuseok holiday.
Judging that the business environment for small and medium-sized enterprises is deteriorating due to high inflation and high interest rates, Lotte Mart decided to move up the payment date originally scheduled for early next month to the 25th of this month. Through this, Lotte Mart expects that the fund management of small and medium-sized partner companies will become smoother during the holiday period.
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In addition, Lotte Mart operates various win-win programs for small and medium-sized partner companies, such as the Win-Win Growth Fund and ESG (Environmental, Social, and Governance) management consulting. Jin Ju-tae, head of the Compliance Support Division, said, "Based on Lotte Mart's expertise in ESG management and distribution know-how, we will continue to strive for mutual growth with small and medium-sized partner companies."
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