KT&G (President Bang Kyung-Man) is implementing early cash payments to reduce the burden on small and medium-sized partner companies and strengthen shared growth management ahead of the Chuseok holiday.

The company will advance payments totaling 103.1 billion won to 49 partner companies supplying raw, subsidiary, and consumables. These payments will be made an average of over one month earlier than the expected payment date.

KT&G has been executing early payments before significant holidays such as the Lunar New Year and Chuseok each year to alleviate the financial burden on small and medium-sized partners facing increased fund demand. During the last Lunar New Year holiday, the company provided early payments of 66.4 billion won to support partner companies' liquidity.

Additionally, since November of last year, KT&G has been participating in the 'Linked Delivery Payment System' initiative, which reflects increases in raw material prices in the delivery payment to reduce the burden on small and medium-sized partners. The company also operates various support programs for mutual growth, including monthly total cash payments for deliveries to help resolve partners' financial difficulties.

A KT&G representative stated, "We decided to make early payments to help ease the management burden on our partners during the holiday season when fund demand is high." He added, "We will continue to lead in realizing the value of shared growth with our partners through various support activities that provide practical assistance."

(Photo Description) KT&G CI