Amorepacific Group to Advance Payment to Partners Ahead of Lunar New Year
Early Payment of 75.3 Billion KRW in Transaction Funds Begins from the 22nd
Amorepacific Group announced on the 22nd that it will make early payments of 75.3 billion KRW in transaction funds to its partners in celebration of the Lunar New Year holiday.
The payment targets are about 800 partner companies supplying raw materials, containers, and products to nine subsidiaries of Amorepacific Group. The transaction funds amounting to 75.3 billion KRW, originally scheduled to be paid by the 31st, will be paid sequentially starting today.
Lee Sang-mok, CEO of Amorepacific Group, stated, “Ahead of the Lunar New Year holiday, we are making payments up to nine days earlier than the scheduled payment date to help alleviate the financial difficulties of our partners who are struggling with cash flow demands,” adding, “We will continue to pursue mutual growth with our partners through various measures.”
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- Bull Market End Signal? Securities Firm Warns: "Sell SK hynix 'At This Moment'"
- "Greater Impact on Women Than Men"... The 'Diet Trap' That Causes Sleepless Nights and Suffering
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
Since the mid-2000s, Amorepacific Group has been making early payments of transaction funds before holiday breaks to support smooth cash flow management for its partners.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
