K Shipbuilding Co., Ltd. said on the 11th that ahead of the Lunar New Year holiday, it made early payments totaling 32.3 billion won to support mutual growth with partner companies.

The early payments were made to ease the burden on partner companies that face a temporary rise in funding needs before the holiday and to provide practical help for management stability. Improved cash liquidity and financial conditions driven by an increase in new ship orders and productivity gains also played a role.

A K Shipbuilding Co., Ltd. official said, “Joint growth with partner companies is a key foundation for the company’s sustainable development,” adding, “We will continue to build a stable management environment based on mutual trust with partner companies and further strengthen the groundwork to grow together.”
Source: ChosunBiz