KT to Advance Payment of 119.4 Billion KRW to Small and Medium Partners Ahead of Lunar New Year

Early Payment of Delivery Fees to Partner Companies
Group Affiliates Join the Initiative

KT announced on the 16th that it will make early cash payments totaling 119.4 billion KRW to small and medium-sized partner companies in celebration of the Lunar New Year holiday. Group affiliates such as KT Commerce and KT Alpha also participated.

KT has been making advance payments to partner companies ahead of the holidays every year. To support the financial stability of partners facing difficulties due to cash flow problems, KT operates a low-interest win-win cooperation fund worth 100 billion KRW and provides various support measures for partner companies' management stability.

Meanwhile, KT is implementing the 'Clean KT Campaign' to strengthen ethical management practices. It prohibits exchanging gifts with stakeholders such as partner companies, and if employees receive gifts, KT sends a rejection letter to the sender and either returns the gift or donates it to volunteer organizations.

KT is one of six companies that have received the highest grade for 10 consecutive years among 232 companies evaluated in the Win-Win Growth Index, continuously operating win-win cooperation programs for a decade.

Lee Won-jun, KT’s Head of Purchasing (Executive Director), said, "KT makes early payments of delivery fees ahead of the holidays every year to help partner companies overcome financial difficulties during the holiday season. Going forward, KT will continue to grow together with its partners and strive to further develop the AICT (Artificial Intelligence + Information and Communication Technology) ecosystem."

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