Ahead of the holiday, the business sector pays 6.3 trillion won in advance for delivery payments by two weeks.

Hanyang Cooperation Center Investigates Early Payment Plans to Partner Companies
Support Activities for Partner Companies and Local Communities to Boost Domestic Demand, ‘[Reported by Kim Soyeon from E-Daily] Ahead of the Lunar New Year holiday, major corporations are advancing their payment schedules to small and medium partner companies. They are also engaging in symbiotic and social contribution activities such as community service, purchasing Onnuri gift certificates, and providing low-interest loans to partners.’,
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, ‘On the 20th, the Hanyang Cooperation Center investigated the plan for early payment of subcontract and delivery fees by major companies before the Lunar New Year 2025, and the results from 2024. Among the major companies that participated, 78% plan to make early payments of subcontract and delivery fees to partner companies before the holiday. The total payment amount is approximately 6.3 trillion KRW. The early payment typically starts between 1 to 3 weeks before the Lunar New Year holidays, with an average start of 2 weeks before.’,
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, ‘Along with economic activities, major companies are engaging in initiatives to boost the local economy based on values of coexistence and cooperation. Samsung is hosting an online direct market in collaboration with major affiliates to promote the purchase of local agricultural and fisheries products, aiming to support small businesses and enhance employee convenience. Hyundai Motor…’,
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, ‘Samsung Display employees are seen purchasing goods in the online market (photo by Samsung Electronics)’,
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, ‘In collaboration with major affiliates, Hyundai is providing daily essentials and support funds to vulnerable groups and donating heating supplies and vehicles to low-income disabled families.’,
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, ‘Through its ESG program, SK is distributing food and heating supplies to vulnerable groups with collected donations and providing mutual cooperation funds for partners. LG is supporting vulnerable groups with daily essentials and food, and operates a 1.23 trillion KRW financial support program for partners, including a mutual cooperation fund.’,
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, ‘POSCO and Lotte are producing holiday ritual food kits for delivery to local vulnerable groups, while Hanwha Solutions focuses on supporting vulnerable groups around its Yeosu and Ulsan plants. Hyosung is conducting customized support considering beneficiaries’ situations through events like ‘Sharing Love Tteokguk’ and ‘Sharing Love Daily Essentials.’’,
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, ‘Shinsegae is providing 200 million KRW worth of Onnuri gift certificates to vulnerable groups in collaboration with welfare institutions. GS, CJ, and Hanjin operate online malls providing discounts for partner company’s employees. GS and KT are conducting practical cooperative activities by offering interest-free and low-interest loans to partners.’,
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, ‘Additionally, S-OIL plans to host a Tteokguk sharing event for vulnerable groups, and HD Hyundai Heavy Industries plans to support vulnerable groups with Onnuri gift certificates and supplies. Such activities by major corporations are being recognized as meaningful efforts in fulfilling corporate social responsibility and fostering synergy with local communities.’,
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, ‘On the 13th, Hanyang Cooperation sent a collaborative letter to member companies recommending them to △early payment of partner delivery fees △purchase domestic agricultural and seafood products for the holidays △encourage the use of annual leave before and after the Lunar New Year holiday period △recommend domestic travel during the holiday △promote the use of Onnuri gift certificates △early payment of partner delivery fees △encourage early contract and advance payment through the ‘Boost Domestic Demand and Support Small Enterprises Campaign’.’,
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