Musinsa to Make Early Settlement Payments Ahead of Chuseok Holiday... Totaling Over 165 Billion Won

Sequential Support for Over 10,000 Brands Starting from the 25th

Musinsa announced on September 22 that it will make early payments of settlement funds to partner brands ahead of the upcoming Chuseok holiday next month.

Musinsa plans to provide early settlement payments to small and medium-sized partner brands that are listed on platforms operated by Team Musinsa, including Musinsa Store, 29CM (Twenty-nine Centimeter), Musinsa Empty, and Musinsa Global Store. Currently, there are more than 10,000 brands listed on both Musinsa and 29CM. The total amount of early settlement payments will exceed 165 billion won.

Musinsa decided to provide early settlements to ease the burden on partner brands, considering that this year’s Chuseok holiday will overlap with public holidays, resulting in an extended break of over a week. Musinsa will pay the first round of settlement funds on September 30, right before the holiday, and a second round of additional payments on October 15, after the holiday. 29CM will make its payments earlier, on September 25.

A Musinsa representative stated, "With the fashion industry facing overall difficulties in the first half of this year due to sluggish consumer demand and abnormal weather, we decided to proceed with early settlement payments ahead of the holiday season, which requires significant funds. We will continue to implement various support measures to foster mutual growth with domestic small and medium-sized brands."

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