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🇰🇷 South Korea /Economy & Trade

Daesang Pays 40 Billion Won Early to 243 Partner Companies Ahead of Chuseok

From Hankyoreh · () Korean

Translated from Korean and summarized by DistantNews. Read the original for the full story.

At a glance

News Official statement Outcome reported
  • Food company Daesang paid 40 billion won in invoices early to 243 small and medium-sized partner companies.
  • The payments arrived about 30 days ahead of schedule, giving suppliers access to funds roughly three weeks before Chuseok.
  • Daesang said it also operates financial, ESG consulting, sales-channel, training and welfare support programs for partners.

Daesang, the food company behind brands including Chung Jung One, Jongga and Miwon, paid 40 billion won early to 243 small and medium-sized partner companies ahead of Chuseok.

The company completed the payments about 30 days earlier than originally scheduled. With the holiday about three weeks away, Daesang said the move would help its partners manage their funds before the holiday period.

Chief Executive Lim Jung-bae said, “We made the early payments to provide practical help with our partners’ financial management ahead of Chuseok. We will continue various win-win cooperation activities so that we can grow together with our partners.”

Daesang also operates partner-support programs covering financial assistance through a shared-growth fund, ESG consulting, expanded sales channels, job training and employee benefits. It holds an annual Great Work Partners awards program to recognize outstanding partners.

We made the early payments to provide practical help with our partners’ financial management ahead of Chuseok. We will continue various win-win cooperation activities so that we can grow together with our partners.

· Lim Jung-baeDaesang’s chief executive explained the early payment decision.
About this summary

Originally published by Hankyoreh in Korean. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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