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Shinsegae to Pay Suppliers 1.95 Trillion Won Early Before Chuseok

Shinsegae logoShinsegae
Sig2.74Sen+5.82Env0.00Soc+2.98Gov0.00

Shinsegae Group will make early payments to small and mid-sized suppliers ahead of the Chuseok holiday. Three affiliates—E-Mart, Shinsegae Department Store, and SSG.com—will pay a combined 1.95 trillion won, bringing payments forward up to 12 days while also covering amounts due under contract terms. The move is intended to ease supplier cash flow burdens during tighter funding periods.

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