Amorepacific Group, Early Payment to Partners for Chuseok

Amorepacific Group announced on the 21st that it will make early payments of 80 billion KRW in transaction funds to its partners ahead of the Chuseok holiday.

[Photo by Amorepacific Group]

The early payment targets are over 730 partner companies supplying raw materials, containers, products, and more to nine affiliates of Amorepacific Group. The 80 billion KRW in transaction funds originally scheduled for payment by the 3rd of next month will be advanced to the 22nd of this month and paid sequentially.

Lee Sang-mok, CEO of Amorepacific Group, said, “Ahead of the Chuseok holiday, we will pay delivery funds up to 11 days earlier than the scheduled payment date to partner companies experiencing financial difficulties. We will continue to pursue mutual growth with our partners through various measures.”

Since the mid-2000s, Amorepacific Group has been making early payments of transaction funds before the start of holiday breaks to help partner companies manage their cash flow smoothly.