Home&Shopping to Advance Payment of Sales Proceeds to 900 Partner Companies

Promoting Win-Win Growth Worth 10 Billion Won for Chuseok

Home&Shopping announced on the 26th that it will advance the payment of 10 billion KRW in sales proceeds to promote mutual growth with small and medium-sized partner companies ahead of Chuseok. Home&Shopping's early payment of product sales proceeds is a system that pays the expected settlement amount for the period in advance before the Lunar New Year holiday.

Home&Shopping estimates that the scale of early payment of sales proceeds for this Chuseok will be around 900 small and medium-sized partner companies and approximately 10 billion KRW. In addition, Home&Shopping has shortened the payment timing of product sales proceeds from the existing 4 business days after settlement closing to 3 business days, allowing partners to receive settlements faster. This average payment cycle is at least 2 days and up to 7 days faster compared to the industry standard.

A Home&Shopping official said, "With rising interest rates, small and medium-sized enterprises are feeling greater financial pressure," adding, "We hope this will help small and medium-sized enterprises spend the holiday warmly, even if just a little."

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