LOTTE Group Accelerates Payments to Partner Companies Ahead of Lunar New Year
SHERIDAN, WYOMING – February 9, 2025 – SHERIDAN, WYOMING – Feb. 9, 2025 – LOTTE Group announced the acceleration of payment of 686.3 billion KRW in delivery fees to 11,067 small and medium-sized partner companies ahead of the Seollal Lunar New Year holiday. This initiative aims to alleviate the financial strain on partner companies caused by temporary cost increases during the holiday season, and to ensure a smoother cash flow.
Early Payments to Support Partner Companies
The payment, originally scheduled for later dates, will be made an average of nine days earlier, before the Korean New Year holiday. Affiliates participating in this effort include LOTTE Department Store, LOTTE Hotels & Resorts, LOTTE Wellfood, LOTTE Global Logistics, and 22 other companies.