Aekyung Industrial Pays 6.8 Billion KRW Early to Partner Companies for Transaction Payments

Improving Partner Liquidity and Achieving Mutual Growth

Aekyung Industrial announced on the 29th that it will advance the payment of 6.8 billion KRW in transaction funds to its partner companies to alleviate their financial difficulties ahead of the Lunar New Year next month.

Aekyung Industrial selected 81 partner companies supplying raw materials and parts as recipients of the early payment and decided to advance the payment of 6.8 billion KRW by 19 days from the originally scheduled date.

This decision was made to support partner companies struggling with cash flow due to recent high inflation and high interest rates, and to realize mutual cooperation and shared growth with its partners.

An Aekyung Industrial official stated, “We hope that this early payment of transaction funds will help improve the liquidity of our partner companies ahead of the financially burdensome holiday season,” and added, “Aekyung Industrial will continue to strive to create a culture of mutual growth together with our partners.”

Meanwhile, since the Lunar New Year of 2022, Aekyung Industrial has advanced a total of 40.7 billion KRW in transaction payments to its partner companies up to this holiday. In addition, the company continues its efforts for mutual growth with partners through proposals for managing partner companies’ accident rates, enhancing the sustainability of their supply chains, and performance-sharing systems for shared growth.