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Samsung to pay 1.3 trillion won early to suppliers

Samsung said on Sept. 14 it will pay 1.3 trillion won in payments for goods to partner companies ahead of the Chuseok holiday and run an online marketplace for employees. Thirteen affiliates, including Samsung Electronics, will participate, paying about seven days earlier than planned. Samsung said the early payment amount is up about 110 billion won from last Chuseok. Seventeen affiliates will join the online market selling specialty products and smart-factory goods.