Shinsegae Group to pay suppliers 1.95 trillion won early before 2026 Chuseok

  • Shinsegae Group will make early supplier payments through three affiliates before 2026 Chuseok.
  • The affiliates will disburse 1.95 trillion won, including payments advanced up to 12 days.
  • E-Mart and Shinsegae Department Store have operated the Win-Win Growth Fund since 2011.

Shinsegae Group will provide 1.95 trillion won ($1.4 billion) to small and mid-sized suppliers ahead of the 2026 Chuseok holiday through E-Mart, Shinsegae Department Store and SSG.com. The total combines regularly scheduled payments with disbursements advanced by up to 12 days. The group said the measure will help suppliers manage concentrated holiday funding needs, including inventory and working-capital requirements, amid a prolonged consumption slump and high interest rates. Shinsegae typically pays suppliers three to four times a month and, since 2011, E-Mart and Shinsegae Department Store have operated the Win-Win Growth Fund, which offers below-market-rate loans for facility investment, raw-material purchases and research and development.

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