SK Telecom announced on the 19th that, ahead of the Lunar New Year holiday, it will make early payments of approximately 123 billion won in transaction amounts to alleviate the financial burden of its business partners and stimulate the domestic economy. This early payment involves participation from ICT family members such as SK Broadband and SK Stoa, and it is expected to be sequentially paid to over 1,450 business partners and more than 250 distribution networks before the holiday.
SK Telecom is committed to supporting the liquidity of small and medium-sized partners through early payments before holidays every year, leading the way in co-prosperity. Since establishing a dedicated department for co-prosperity in 2003, it has provided various financial support, including the 'Co-prosperity Fund' and the 'Instant Payment' program.
The 'Co-prosperity Fund' lowers loan interest rates and provides emergency funds, while offering interest-free loans to outstanding partners. The 'Instant Payment' program facilitates smooth financial management by disbursing cash within two days after the approval of a transaction.
Additionally, SK Telecom operates coexistence programs such as supporting ESG management, providing free training in generative AI courses, offering welfare benefits, and managing recruitment, achieving the highest rating in the co-prosperity growth index evaluation for 12 consecutive years.
Kim Yang-seop, Chief Financial Officer of SK Telecom, said, "I hope that early payment of funds will help stabilize the management of small and medium-sized partners," and noted, "We will continue to pursue coexistence with small and medium-sized partners in the process of evolving into an AI company."