Musinsa has decided to pay settlement funds earlier ahead of the Chuseok holiday to ease financial burdens for brands on its platform. Musinsa said on Sept. 14 it will execute early settlements worth 130 billion won for more than 10,000 partner firms that sell through the Musinsa and 29CM online stores.

Under the existing settlement method, purchases confirmed from the first to the last day of each month are paid in a lump sum on the 10th of the following month. This year, it adjusted the schedule as the Chuseok holiday falls in late September. It decided to pay purchases confirmed from Sept. 1 to 20 earlier, on Sept. 22, just before the holiday.

The aim is to reduce the burden on small and medium-sized partner firms, which see short-term funding demand concentrate ahead of major holidays. Musinsa has repeatedly carried out such early settlements each holiday season, strengthening its cooperative framework with brands on its platform.

A Musinsa official said, "Ahead of the Chuseok holiday, we decided to execute early settlements to ease the burden of funding needs for some 10,000 partner brands." The official said, "We hope this measure will provide practical help for our partners' smooth cash flow and management stability."