Kei Joseon Makes Early Payments of 32.3 Billion Won to Partner Companies Ahead of Lunar New Year Holidays
Kei Joseon, a mid-sized shipbuilding company located in Changwon Special City, South Gyeongsang Province, made early payments totaling 32.3 billion won to its partner companies ahead of the Lunar New Year holidays.
On the 11th, Kei Joseon announced that it had made this decision to support the cash management of partner companies, whose funding needs temporarily increase before the holidays, and to ease their management burden.
The decision also reflected the recent improvement in the company’s cash flow and financial conditions, driven by an increase in new ship orders and higher productivity.
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A Kei Joseon representative said, "Joint growth with our partner companies is a key foundation for sustainable development," adding, "We will continue to create a stable management environment based on mutual trust with our partners and further strengthen the foundation for growing together."
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