Amorepacific Group to Make Early Payment of KRW 64.9 Billion to Partner Companies Ahead of Chuseok

[Financial News] Amorepacific Group will make an early payment of KRW 64.9 billion in transaction payments to partner companies ahead of the Chuseok holiday.
According to Amorepacific Group on the 17th, the payments will go to approximately 600 partner companies that supply raw and subsidiary materials, containers, and products to nine Amorepacific Group affiliates. The KRW 64.9 billion in transaction payments, originally scheduled to be paid by the 27th, will be disbursed sequentially starting today.
Lee Sang-mok, CEO of AMOREPACIFIC Holdings, said, "Ahead of the upcoming Chuseok holiday, we will pay partner companies for supplied goods up to 10 days earlier than scheduled. We will continue our efforts to promote mutual growth with our partner companies."
Amorepacific Group has made early payments to partner companies before major holiday breaks since the mid-2000s to help them manage their finances smoothly.
[email protected] Kang Myeong-yeon Reporter