Hyundai Elevator Pays Partners Early, Ahead of Lunar New Year

Hyundai Elevator said it will make early payments to ease the financial burden on its partners ahead of the Lunar New Year holiday on February 16-18, Chosun Biz reports. Approximately 280 partner companies, including installers, maintenance providers and parts suppliers for Hyundai Elevator, are eligible. Payments that are usually made at the end of the month will be moved up by more than 10 days. Hyundai Elevator said the decision took into account that partners' funding needs peak before the holiday. Hyundai Elevator has been holding a "co-prosperity convention" since 2013 to pursue mutual growth with partners and address polarization among corporations. It has been supporting partners with various programs, including lending of operating and R&D funds, operation of a job posting board and employee welfare support.