Daesang pays W40b early to small suppliers ahead of Chuseok

Daesang announced Monday that it has made early payments of 40 billion won ($29.4 million) to small and midsize suppliers ahead of the Chuseok holiday. The payments covered 243 partner companies that do business with Daesang and were disbursed 30 days ahead of the originally scheduled payment date.

Daesang has carried out a range of shared-growth initiatives for its smaller partners, including financial support, ESG consulting, domestic and overseas market access assistance, and employee education and welfare programs. Chief Executive Im Jeong-bae said the company would continue to pursue shared-growth activities so that it could grow together with its partners.