Woowa Brothers, early payment of 36.7 billion won to stores ahead of Chuseok

(Seoul = Yonhap News) Reporter Hong Guk-ki = Woowa Brothers, the operator of Baedal Minjok, announced on the 15th that it would pay early settlement payments worth about 36.7 billion won to stores ahead of the Chuseok holiday.

Early payment applies to all partners who use food services such as store delivery, Baemin delivery, and take-out order (pick-up), and commerce services such as Baemin grocery shopping and Baemin merchants.

As usual, the payment for sales made on the 21st can be received on the 28th after the Chuseok holiday, but through this early payment, you will be able to receive it on the 23rd, two business days later.

Baemin conducts early settlement every year in accordance with holidays such as Lunar New Year and Chuseok. Last year, a settlement amount worth 38.3 billion won was paid early ahead of the Chuseok holiday.

In addition, Woowa Brothers introduced that Baemin has been an industry leader in establishing a settlement system that helps small business owners achieve stable management.

In April 2019, we became the first delivery platform to introduce a system that pays settlement payments to store partners on a daily basis, and in 2022, the settlement cycle was shortened from 4 days to 3 days.