EDIYA COFFEE to Make Early Payment of KRW 2 Billion in Supplier Invoices Ahead of Chuseok

[Financial News]  EDIYA COFFEE will make early payments for supplier invoices to help its partners manage their cash flow ahead of the holiday season.
According to industry sources on the 21st, EDIYA COFFEE will make early payments totaling approximately KRW 2 billion to suppliers for goods supplied ahead of Chuseok.
The early payments are intended to support suppliers' smooth cash flow and financial stability during a period when funding needs, including purchases of raw and subsidiary materials and wage payments, are concentrated ahead of Chuseok.
Since 2016, EDIYA COFFEE has made early payments to suppliers for goods each year ahead of Lunar New Year and Chuseok, helping ease their financial burden. Including this year's Chuseok payment, cumulative early payments have reached KRW 78 billion.
In addition, EDIYA COFFEE has continued its mutual-growth initiatives with suppliers based on its first management principle, “shared-growth management.” The company holds quarterly meetings and presents awards to outstanding suppliers to gather their feedback from the field and strengthen the foundation for shared growth.
An EDIYA COFFEE official said, "We decided to make early payments for goods to provide tangible support for our suppliers' cash flow ahead of the holiday season," adding, "We will continue our support and communication so that we can grow together with our suppliers based on the value of shared growth."


[email protected] Park Kyung-ho Reporter