Daesang has expedited the payment of 40 billion won to 243 small and medium-sized partner companies, completing the transactions a month ahead of schedule in anticipation of Chuseok. This measure aims to alleviate the financial burden on partners, who typically face increased costs for raw materials and labor during the holiday season.
On September 7, Daesang announced that it had completed the early payment of 40 billion won to support the smooth financial operations of its partner companies and reduce their financial strain before the holiday. With the payments finalized approximately three weeks before Chuseok, partners can now manage their funds more comfortably.
The early payment initiative includes a total of 243 small and medium-sized enterprises that do business with Daesang, with payments executed up to 30 days earlier than the original schedule.
Im Jeong-bae, CEO of Daesang, stated, "We made the early payments to provide practical assistance to our partners in managing their finances for Chuseok. We will continue to engage in various cooperative activities based on our core value of 'respect' to grow together with our partners."
Daesang is implementing a range of support programs for sustainable growth alongside its small and medium-sized partners. These include financial assistance, environmental, social, and governance (ESG) consulting, domestic and international market development, employee training, and welfare support. Additionally, Daesang holds the 'GWP AWARDS' annually to share achievements in cooperative growth and reward outstanding partners, further strengthening its partnerships.
This year's Chuseok holiday will take place from September 24 to 27, lasting a total of four days.
* This article has been translated by AI.
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