South Korea's Fair Trade Commission facilitated the payment of KRW 23.2 billion ($17 million) in overdue subcontract fees to 202 SMEs ahead of Chuseok, while 79 major firms advanced KRW 2.877 trillion ($2.1 billion) to 16,646 subcontractors, easing financial pressure on small businesses.
#YonhapInfomax #FairTradeCommission #SubcontractFees #Chuseok #SmallAndMediumEnterprises #OverduePayments #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=86025
#YonhapInfomax #FairTradeCommission #SubcontractFees #Chuseok #SmallAndMediumEnterprises #OverduePayments #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=86025
Fair Trade Commission Drives Payment of KRW 23.2 Billion in Outstanding Subcontract Fees Ahead of Chuseok via Complaint Center
South Korea's Fair Trade Commission facilitated the payment of KRW 23.2 billion ($17 million) in overdue subcontract fees to 202 SMEs ahead of Chuseok, while 79 major firms advanced KRW 2.877 trillion ($2.1 billion) to 16,646 subcontractors, easing financial pressure on small businesses.