HiteJinro Strengthens Win-Win Management with Liquor Wholesalers Ahead of With-Corona Era

[Asia Economy Reporter Seungjin Lee] HiteJinro announced on the 27th that it will implement installment payments for liquor purchase payments to help liquor wholesalers recover from management difficulties ahead of the implementation of With Corona.

By sharing the pain of liquor wholesalers nationwide who are struggling due to a sharp decline in sales after the COVID-19 pandemic, the company plans to take the lead in coexistence with its clients by promoting the revitalization of the domestic liquor market due to With Corona. The payment amount due in November will be extended to be repaid from next year, and the support details vary depending on the individual credit rating of each client.

Last year, HiteJinro proactively implemented installment payments for liquor purchase payments considering the financial deterioration of liquor wholesalers, sharing the industry's difficulties. This decision is expected to help overcome the management difficulties of liquor wholesalers nationwide and recover the liquor market. In the future, as a leading domestic liquor company, it will seek and support various ways to understand and overcome the industry's pain and difficulties together.

A HiteJinro official said, “We expect the liquor market to be revitalized with this installment payment decision for liquor purchase payments in response to With Corona,” and added, “HiteJinro will continue to be a company that fulfills its social responsibilities based on the corporate philosophy of win-win management and mutual growth.”