Lifestyle and beauty company Aekyung Industrial said on the 12th that it will make early cash payments totaling 8.2 billion won for accounts payable to partner companies ahead of the Chuseok holiday.
Aekyung Industrial decided to pay accounts payable to 67 partner companies up to five days earlier than the original due date. The move aims to ease the burden on partners struggling with cash flow amid the triple pressures of high inflation, high interest rates, and a strong dollar, and to realize mutual growth through partnership.
An Aekyung Industrial official said, "We hope this payment helps reduce partners' financial burdens ahead of the Chuseok holiday," and added, "We will take the lead in building a culture of mutual cooperation for shared growth with partner companies."