Hanwha Group to pay 179 billion early for Seoljeon partner

*This content was translated by AI.

Hanwha Group will pay about 179 billion won early for its partners ahead of the Lunar New Year holiday.

The amount of payments by affiliates is 74.5 billion won for Hanwha Aerospace, 55.3 billion won for Hanwha Ocean, and 11.7 billion won for Hanwha Construction. Hanwha Group affiliates have been paying early every Lunar New Year and Chuseok holidays to ease the burden on their partners. Last year's Lunar New Year paid about 170 billion won early.

From the perspective of partner companies, the cost burden will increase, such as performance pay and execution of funds to second and third partners ahead of the holiday. Hanwha Group's early payment of funds is expected to ease the financial burden on its partners and contribute to the virtuous cycle of the economy.

Hanwha Group Chairman Kim Seung-yeon said in his New Year's address this year, "The workers of our partners are also Hanwha's family, and the local community is Hanwha's business base. If you want to go far, you have to be together," he said, emphasizing the philosophy of "far together," Hanwha Group's win-win management principle.

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*This content was translated by AI.