Shinsegae Group said on the 27th that it will pay 1.7 trillion won to partner companies ahead of the Lunar New Year holiday.
The payment amount combines early payments made up to seven days ahead to ease partners' cash management burdens and regular payments under existing transaction terms.
This is part of efforts to reduce the burden on partners during a period when demand for funds concentrates before and after the holiday. Through this, Shinsegae Group plans to help most partners secure funds smoothly.
Shinsegae Group also makes payments three to four times a month under normal circumstances to ensure stable cash use by partner firms.
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