Public Home Shopping to Make Early Payment of 24 Billion Won in Sales Proceeds to Partners Ahead of Lunar New Year

Payment Scheduled for February 11

Public Home Shopping announced on February 4 that, ahead of the Lunar New Year holidays, it will make early payments of sales proceeds totaling 24 billion won to all of its trading partners.

The recipients are about 1,000 broadcast and mobile partners, and the advance payments cover sales made from February 1 to 10. The payment date is February 11. The aim is to promptly deliver peak-season sales proceeds before the Lunar New Year so as to ease the funding burden of small and medium-sized enterprises and small business owners.

Public Home Shopping’s early execution of funds has been arranged to support smooth cash management for small and medium-sized enterprises and small business owners ahead of the holidays. The company also took into account the growing importance of securing cash liquidity amid recent price increases and weakened consumer spending.

A Public Home Shopping representative said, "Alleviating the burden of working capital for small and medium-sized enterprises through faster cash circulation is also a responsibility of a public distribution institution," adding, "We will continue to explore various support measures that can promote mutual growth with our partners."

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