SK Stoa, First Private Home Shopping to Introduce 'Distribution Network Win-Win Payment'

Small Business Owners Can Secure Cash Liquidity

SK Stoa is introducing the distribution network win-win payment system for the first time among private home shopping channels.

SK Stoa's 'The Ddaddeuthan' Tasting Event
Photo by Asia Economy DB

The Ministry of SMEs and Startups announced that SK Stoa held the 'Declaration Ceremony for the Introduction of Distribution Network Win-Win Payment,' the first of its kind in domestic private home shopping, on the 16th.

With the introduction of the distribution network win-win payment system, small business owners operating within SK Stoa will be able to convert funds worth 75 billion KRW monthly and 900 billion KRW annually into early cash before the settlement date of sales proceeds. The advantage is that small business owners operating within large distribution companies can secure cash liquidity without separate government budget support.

This introduction of the distribution network win-win payment system by SK Stoa marks the expansion of a system previously used only in the public sector into the private sector. It is expected to serve as a catalyst for small business owners and SMEs operating in the distribution industry to also enjoy the benefits of win-win payments.

Oh Ki-woong, Vice Minister of the Ministry of SMEs and Startups, said, “Now, following the public sector, the distribution network win-win payment system is spreading to the private sector, which will help many small business owners worried about payment collection and liquidity.” He added, “The Ministry of SMEs and Startups will take the lead in supporting more companies to use the win-win payment system.”

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