Telecom companies SK Telecom, KT, and LG Uplus will make early payments to their partners ahead of the Chuseok holiday.
On September 18, the three companies announced this decision to support stable business operations and alleviate financial burdens for their partners.
SK Telecom will pay 131.8 billion won to over 200 partners and more than 250 distribution networks. The company also operates a 'Payment Prompt' program, which ensures that small partners receive 100% of their transaction payments in cash within two business days. Additionally, a growth fund to support liquidity is continuously available.
KT will make early payments totaling 160.7 billion won. The company is also establishing and operating a low-interest cooperation fund worth 100 billion won.
On September 18, the three companies announced this decision to support stable business operations and alleviate financial burdens for their partners.
SK Telecom will pay 131.8 billion won to over 200 partners and more than 250 distribution networks. The company also operates a 'Payment Prompt' program, which ensures that small partners receive 100% of their transaction payments in cash within two business days. Additionally, a growth fund to support liquidity is continuously available.
KT will make early payments totaling 160.7 billion won. The company is also establishing and operating a low-interest cooperation fund worth 100 billion won.
LG Uplus will pay 25 billion won in advance. This payment will be made in full cash to small businesses that have signed purchase contracts for materials, construction, and services. The company also operates a growth fund worth 75 billion won and a direct financial support program of 30 billion won.
* This article has been translated by AI.
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