Public Home Shopping to Make Early Payments of 24 Billion KRW to Partners Ahead of Chuseok

Early Payments to Over 900 Partners
Payment Period Shortened by 8 Days

Public Home Shopping announced on September 22 that, in celebration of the Chuseok holiday, it will make early payments totaling 24 billion KRW (approximately 24 billion won) to its small and medium-sized enterprise (SME) and small business partners.

As a result, over 900 SME partners currently doing business with Public Home Shopping will receive payments for their products before Chuseok. Payments will begin on October 2, which is eight days earlier than the original payment date of October 10. Partners participating in the win-win distribution network settlement program will be able to secure funds starting from October 1.

This early payment initiative was introduced to help SMEs and small business owners manage their funds smoothly ahead of the holiday. It aims to support partners who are struggling to secure cash flow amid the ongoing economic downturn.

A representative from Public Home Shopping stated, "This year, the Chuseok holiday period is longer than usual, making liquidity even more crucial for SMEs," adding, "In addition to early payments, we plan to run promotional events during the holiday period to further support our partners’ sales."

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