HD Hyundai to Advance Payment of 350 Billion KRW for Materials Before Lunar New Year Holiday...

HD Hyundai is engaging in win-win activities by making early payments for materials to its partners ahead of the Lunar New Year.

On the 17th, HD Hyundai announced that three shipbuilding companies?HD Hyundai Heavy Industries, HD Hyundai Mipo, and HD Hyundai Samho?as well as three construction equipment companies?HD Hyundai Site Solutions, HD Hyundai Construction Equipment, and HD Hyundai Infracore?and affiliates such as HD Hyundai Electric and HD Hyundai Marine Solutions plan to make early payments totaling 350 billion KRW to their partner companies for materials.

The early payment targets approximately 2,800 partner companies supplying parts and raw materials to major HD Hyundai affiliates. Payments for materials delivered by these partners will be made up to 14 days earlier than the regular payment date, specifically on the 24th, before the Lunar New Year holiday.

This early payment for materials will be made in full cash to small and medium-sized partner companies. It is implemented to assist the smooth cash flow of partners ahead of the Lunar New Year, when demand for funds increases due to holiday travel expenses and bonuses.

Besides the Lunar New Year, HD Hyundai also makes early payments for materials during Chuseok and summer vacation periods, striving for mutual growth with its partners.

Meanwhile, HD Hyundai Heavy Industries practiced warm sharing with local neighbors for the 31st consecutive year ahead of the Lunar New Year.

On the 17th, HD Hyundai Heavy Industries held a ‘Lunar New Year Onnuri Gift Certificate Delivery Ceremony’ at Ulsan Dong-gu Office and delivered Onnuri gift certificates worth a total of 50 million KRW to the Dong-gu Office. These gift certificates will be distributed to 1,000 underprivileged households in the Dong-gu area, an increase of 150 households compared to last year.

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