Shinsegae(004170) Group said on the 31st that ahead of the Chuseok holiday in 2026, it will pay suppliers among its small and midsize partner companies earlier than scheduled. Three affiliates in the group, including E-MART(139480), Shinsegae Department Store, and SSG.com, will take part in the early payment.
The three companies will execute a total of 1.95 trillion won by combining the early payments, advanced by up to 12 days, with the regular payments under existing transaction terms. The plan is to ease the burden so most partner companies can smoothly secure funds during the period when funding demand concentrates around the holiday.
Shinsegae Group also makes regular payments three to four times a month under normal circumstances so that partner companies can use funds stably.
In addition, E-MART and Shinsegae Department Store have operated a co-prosperity growth fund since 2011, continuing various win-win activities such as helping partner companies obtain loans at low interest rates.