Home&Shopping To Make Early Payments Of 25 Billion Won In Proceeds To Partner Companies Ahead Of Lunar New Year
Around 1,000 Partner Companies to Receive Payments Earlier than Scheduled
Home&Shopping announced on the 10th that it will make early payments of sales proceeds to ease the financial burden on its small and medium-sized partner companies ahead of the Lunar New Year holidays.
Through this early payment program, about 1,000 partner companies will receive their payments earlier than originally scheduled, with the total amount reaching approximately 25 billion won. Home&Shopping has been operating this system continuously since September 2020 to help small and medium-sized enterprises secure cash liquidity during holiday periods when demand for funds is concentrated.
In addition to early payment of proceeds, Home&Shopping is taking the lead in building a healthy distribution ecosystem through various forms of support, including export assistance and operating the Ilsacheolli Academy.
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A Home&Shopping representative said, "The stability of small and medium-sized enterprises is the very value and identity of Home&Shopping," adding, "We will continue to fulfill our role as a reliable partner by providing practical support that our partner companies can truly feel in the field."
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