Musinsa will make early payments of settlement funds totaling 130 billion won to brands on its platform ahead of Chuseok.
Musinsa said on the 14th that it will advance settlement payments to more than 10,000 partners listed on the Musinsa and 29CM online stores.
The payments cover orders whose purchases were confirmed from the 1st to the 20th of this month, totaling 130 billion won. They were originally scheduled to be paid by the 10th of next month, but will instead be paid in a lump sum on the 22nd of this month, before the Chuseok holiday.
Musinsa said the decision aims to ease liquidity burdens for small and midsize partners that face concentrated short-term funding needs ahead of the holiday. Musinsa has provided early settlement payments to brands on its platform every holiday season.
A Musinsa official said, "We hope this measure will provide practical help for smooth cash flow and management stability for our partners."